Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-20-Speech-4-186"

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"en.20081120.23.4-186"2
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"I voted in favour of the amendment to the EU regulation on establishing a facility providing medium-term financial assistance for Member States' balances of payments. This means that the financial aid ceiling has increased from EUR 12 to 25 billion for EU Member States which are not part of the euro zone and are experiencing difficulties with their balance of payments. The European Parliament believes that Member States which do not belong to the euro zone should be encouraged to look at obtaining, within the Community, possible medium-term financial support to be able to cope with their balance deficit before requesting aid at an international level. The current situation provides additional proof of the euro’s usefulness in terms of protecting Member States which belong to the euro zone and invites Member States which do not belong to the euro zone to join it immediately, thereby meeting the Maastricht criteria."@en1

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