Chairman, dear colleagues, 

This was a summit about growth, about jobs and growth.

But in my opinion, it mainly produced words. 

7 pages. 7 pages of good intentions. 

I think that what we need now, are not words, but what we need now are acts. 

Three examples.

* The European patent. A major instrument for growth in Europe. 

Already for more than one year, the so needed introduction is blocked.

And why ? Because the big countries cannot agree on the seat !

On the seat, colleagues ! It's ridiculous ! It's dramatic even, because in the meanwhile, our SME's are paying 8 times more for the protection of their innovations, compared to their American competitors. 

If they really cannot agree, why can't the EU leadership put the seat in Brussels, temporarily, until an agreement is found ? 

As we did with the European Food Agency.  

So acts are needed, not words today. 

*My second example: the project bonds. We have been discussing this for years now!  Why are we not starting immediately? 

So acts are needed, not words.

*My third example, the enormous amount of unused money of the European funds. Why can't we change the regulation immediately, so that unspent money can be used for countries in difficulties, for countries in recession, like Portugal, like Greece?

So acts are needed, not words.

And that's also the case for the existential problem we are facing today.

Ok, we have secured with this new treaty fiscal discipline. 

But how will we lower the high interest rates for Spain and for Italy? 

More than 1000 billion euro's, one trillion euro of the taxpayers' money has been put in this crisis. And still, the end is not in sight. 

Everybody knows that we need a structural solution. A mutualisation of a part of the debt, in a disciplined way. As launched by the German wise economists, as foreseen in their proposal for a redemption fund.

Let's be clear to the German taxpayers. In such a solution, it's the bondholders by receiving less interest rates who are paying the bill, and not themselves as it is today. 

So my message to you dear colleagues is clear, let us take the lead in this.

Let's do better then the Council. 

Let's use the next legislative package to do this.

It's the only way to end the crisis, structurally, definitely. 

So once again, acts are needed, not words.