Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-073"
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"en.20100325.3.4-073"2
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"We should proceed from one central fact – during the most severe economic crisis that Europe has known, the euro has been an anchor of stability and credibility. Without the functioning eurozone, overcoming the crisis would have been much slower and uneven. This applies also for those Member States which have not yet joined the eurozone. Now it is especially important to realise that the European common currency is a common value for which every member of the eurozone bears individual responsibility. There is a general agreement that the economic crisis was a logical outcome of a widespread crisis of values.
Those who have joined the eurozone are expected to bear higher responsibility for balancing their expenses and incomes. It does not make sense to take the role of supposed victims of financial speculation or economic mafias. Almost all European economies have sinned against the principles of sound and balanced fiscal policy. The lesson has to be learnt – we need much tougher supervision and better coordination of financial policies with the establishment of a European Monetary Fund. But, first of all, each and every member of the eurozone must slow down in living at the expense of tomorrow."@en1
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