Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-08-Speech-1-042"
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"en.20100208.13.1-042"2
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"Mr President, we have witnessed an unprecedented and coordinated attack over recent days on the economy of the Member States of the euro area, with the spread for government bonds in certain countries, such as Greece, Portugal and Spain, going off the scale.
Clearly, these countries are being used to strike at economic cohesion in the euro area in general and the euro in particular. The very mechanisms which created the global credit crisis are now speculating shamelessly at the expense of the countries which face the greatest financial problems.
That is why it cannot, for Europe, merely be a question of evaluating the measures being taken to combat deficit. The real question must be: do we intend to adopt solidarity measures at European level by safeguarding the euro area and the euro and will we eventually decide to adopt policies that serve fundamental economic, rather than just monetary, cohesion."@en1
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