Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-021"
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"en.20100519.3.3-021"2
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"Mr President, what I have learned is that, if Mr Daul’s farmhouse is on fire, you first have to put the fire out. Therefore, our group, the Group of the European People’s Party (Christian Democrats), fully supports the rescue package on which the Council and the Commission have decided.
That a decision on a package to the tune of hundreds of billions of euro was unavoidable in a single weekend is a wake-up call to the fact that stricter and more consistent budgetary rules are crucial and must be strengthened.
Mr President, the Council was unanimous; let us also show that kind of unanimity. Unfortunately, however, listening to Mr Schulz, Chair of the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament, I note that such unanimity is not to be found in this House. All of us in Parliament want a Europe with sustainable economic growth, sufficient jobs for our citizens and healthy businesses. We can achieve this only if we have a stable currency and a stable economy.
A Stability and Growth Pact that is enforced is crucial for an ambitious EU 2020 strategy. For both of the above, success is dependent on sound European governance. This is at the heart of the resolution we discussed with the groups in this House last week. Commissioner Rehn deserves our support, and I think it irresponsible that our fellow Members from the S&D Group are refusing that support.
Although irresponsible behaviour by speculators is not the cause, it has fanned the flames of the euro crisis. As far as our group is concerned, Commissioner Barnier must work energetically on proposals to curtail irresponsible behaviour on the financial markets."@en1
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