Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-910"
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"en.20100616.24.3-910"2
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"I voted in favour of the resolution for the following reasons:
I consider the agreement on the European Financial Stabilisation Mechanism to guarantee the stability of the euro to be an important first step towards giving the European Union a more robust and sustainable economic and monetary policy framework, but deplore the fact that the European policy makers did not take decisive action earlier, despite the deepening financial crisis;
I am of the opinion that recent events show that the euro area is in need of bolder economic governance and that a monetary pillar without a social and economic pillar is doomed to failure;
I agree that in order to restore sound growth rates and achieve the objective of sustainable economic development and social cohesion, priority should be given to dealing with persistent and significant macro-economic imbalances and disparities in competitiveness. I welcome the recognition of this need by the Commission in its communication on economic policy coordination."@en1
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