Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-043"
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"en.20100506.3.4-043"2
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"−
Mr President, honourable Members, I want to thank you for a very professional and constructive debate, and Mr Deutsch for his excellent report.
I wish to say three things on the matter. Firstly, I am confident that this debate and report will provide a sound basis for the prompt adoption of the European Investment Bank’s external mandate. This is important for us to be able to ensure that we effectively implement the EU’s common objectives in foreign policy and development cooperation.
Secondly, the European Investment Bank is a vitally important partner for the European Commission, especially if we are to achieve the Europa 2020 goals, specifically in the areas of sustainable growth and employment. The EIB holds the keys to the development of infrastructure, innovations and small enterprises, and we are cooperating closely and seamlessly in this.
Many of you have, understandably, referred to the situation in Greece. Yesterday, on behalf of the Commission, I sent commiserations to the relatives and friends of those who lost their lives in Athens as a result of the violence. Fierce debate is a feature of democracy, but violence can never be tolerated and there has to be a very strict limit to behaviour of this sort.
The Commission has been actively involved in the construction of a stabilisation programme for the Greek economy and the adoption of a huge financial rescue package to support financial stability throughout the euro area and to ensure the stability of the Greek economy. At the end of last week we proposed to the Eurogroup a huge financial rescue package and a stabilisation programme worth EUR 110 billion in all. The finance ministers in the Eurogroup took a decision last Sunday, with reference to a proposal by the Commission, the ECB and the IMF. It was a difficult, but at the same time, necessary and responsible decision. Now it is crucially important that all the national parliaments finalise their decisions soon. I, for one, am confident of your support in achieving this objective.
This is not just about Greece, but the stability of the entire eurozone economy. It is vital to stop the bushfire in Greece before it turns into a forest fire that spreads across Europe. I am sure that we can do this, but it will mean acting responsibly. Now is not the time to score popularity points: it is a time for responsible and determined action. The euro is not just a technical arrangement: it is perhaps the European Union’s most important joint political project."@en1
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