Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-224"
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"en.20100209.13.2-224"2
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"Madam President, in a debate regarding the economic situation of certain member countries of the euro area, the remedy is clear: we need more economic and monetary union, we need better competitiveness, and we need better solidarity. I am speaking to you, Commissioner, as someone who, being Portuguese, knows very well the difficulties involved in seeing the public debt grow, the deficit becoming difficult to control or public spending being excessively high. What these countries need is solidarity and the right signals. Unfortunately, the signals sent out by the statements which Commissioner Almunia recently made were not good, when he compared the Portuguese and Spanish situation to the Greek one. They were unfortunate and imprudent statements which had immediate effects on the market. The stock markets in Lisbon and Madrid plummeted; things should not be made more difficult than they already are.
Political management is extremely important. What I know is that this lesson must be learned for the future, because in this way, we can have better economic union, backing Europe to a greater extent in order to create solidarity and understand that the situations in the various Member States are completely different and are not comparable. If we can take away this lesson, it is certain that the future of the euro area will be a better one."@en1
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