Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-061"

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"en.20100325.3.4-061"2
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"We have been able to observe during this crisis that the fluctuations triggered by interest and exchange rates have come up against a single currency which has properly shielded the euro area. The single currency has not provided a solution to all the internal and external imbalances which have occurred. However, the benefits provided through allowing national financial institutions to have access to the European Central Bank’s liquidity and the elimination of the risk of exchange rate fluctuations have increased the interest shown in it by the Member States outside the euro area. The efforts made by these states through improving their own economies and fiscal policies in order to adopt the single currency must be welcomed. I call on the Commission and European Central Bank to further encourage the expansion of the euro area as quickly as possible in order to provide them with greater protection against the effects of the economic and financial crisis."@en1
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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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