Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-198"

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"en.20100209.13.2-198"2
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"The Group of the European People’s Party (Christian Democrats) has taken the initiative for this debate because the problems in the euro area countries make a strong European approach very urgent. That is what we are concerned about. In recent years, Member States have too often distanced themselves from the Stability and Growth Pact. That is why I call on the Council today, and not only where Greece is concerned, to commit itself more widely and fully to much stronger coordination of monetary policy at the informal summit meeting this coming Thursday and at the Ecofin meeting next week. The Spanish Presidency can also set a good example in its own country, because the situation there is also urgent. Mr President, on behalf of my group, I would like to offer my heartfelt support to the way in which the European Commission is dealing with Greece. Admittedly it is months too late, but it is absolutely necessary. The same must also apply to other countries in the danger zone. The solution lies not in providing more money from the European budget, but in actually implementing the reform plans. I hope that you are also working on an emergency scenario, should one be necessary, and are therefore investigating all options, including cooperating with the International Monetary Fund (IMF). At the same time, we must keep a cool head because, given the extent of the budget problem, the reactions on the financial markets are seriously exaggerated. This underscores the urgent need to quickly strengthen European regulation of the financial markets."@en1
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