Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-982"

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"en.20100209.13.2-982"2
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"Mr Almunia, Poland is preparing for entry to the euro area, and so we are looking carefully at the problems of euro area Member States. Unfortunately, more countries are experiencing problems, and the European currency now faces its greatest challenge since it was created. Ladies and gentlemen, Greece will not manage on its own. I agree with those who have spoken before me that what is needed is stronger coordination of Member States’ economic policies. The global economic crisis has led to the destabilisation of many economies and world markets, in the face of a recovery, albeit a fragile one, are afraid that incompetent action might be taken by Member State governments to prevent the collapse of euro currency markets. Therefore, the only realistic way out of this situation, the only way to prevent the collapse of the currency market is stop-gap help for Greece as well as long-term, planned action to stabilise the position of the euro."@en1

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