Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-213"

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"en.20100707.23.3-213"2
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"Madam President, our parliamentary group voted today against the motion on the decisions taken on 9 May to create a European Financial Stability Facility and a European Financial Stabilisation Mechanism, despite the fact that we consider these decisions to be extremely positive and important for the protection of the single currency and the stabilisation of the euro area. I should like to take this opportunity to remind the House that the European Parliament asked the European Council to move in this direction a very long time ago, thereby sending a message of unity and solidarity to the markets. However, at the same time, we believe that the European Central Bank demonstrated the same willingness and solidarity in its decision on temporary intervention in the secondary bond market, a decision which was fully in keeping with the more general spirit of the decision by the Council of Ministers of Finance. We therefore fail to understand and we do not endorse the spirit of paragraph 14, which criticises the European Central Bank on this decision."@en1
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