Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-18-Speech-3-194"
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"en.20090218.22.3-194"2
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"The current economic and financial crisis is an important test for Europe which, now more than ever, must show unity in taking measures which will facilitate the economy’s recovery in the shortest time possible.
Member States’ budgets are under great pressure in facing up to these challenges, which is why the best instruments and actions need to be found to prevent them from greatly exceeding the limits envisaged by the Commission for the budgetary deficit and to prevent protectionist measures from being adopted by some Member States or in favour of private manufacturers.
Such decisions must pass quickly through the adoption procedures to avoid prolonging the crisis and, above all, to make it possible to restore confidence in the financial markets and avoid prolonging the crisis from a political perspective too, bearing in mind as well the approaching European Parliament elections.
One possible solution for financing public expenditure could be to issue euro bonds. However, we need to factor in the risk that, based on the measures taken, we are indebting ourselves to the hilt and it is difficult for us to avoid reaching the situation where we are leaving future generations to shoulder the payment of these debts."@en1
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