Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-887"
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"en.20100707.23.3-887"2
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In order to safeguard European financial stability, it is essential to set up some kind of transnational supervision. Only a European macro-supervisory body could have discovered that the unsustainable increase in debt, real-estate bubbles and major current account deficits constituted serious risks for macro-economic and financial stability. By creating a new micro-prudential supervisory body, it will be possible to contain the risk of further financial crises."@en1
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