Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-038"
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"en.20100308.14.1-038"2
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"Mr President, I am making the major assumption that the restoration of the public finances of a Member State of the euro area is the responsibility of the euro area itself. However, coordinated intervention is required in order to protect the common currency against speculation.
The horrendous financial crisis in Greece and the financial imbalance in other Member States have highlighted the need for politically directed European economic governance. In my question to the Commission on 17 February 2010, I proposed that a European Monetary Fund be set up. I am delighted to see that Commissioner Rehn is moving in that direction. We shall await the Commission’s integrated proposal."@en1
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