Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-182"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-09-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20100922.20.3-182"2
lpv:hasSubsequent	lp_eu:2010-09-22-Speech-3-9892
lpv:speaker	lp:Diogo Feio2
lpv:spokenAs	substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 member; EPP (2009-07-14--2014-06-30)3 substitute; AFET (2009-07-16--2012-01-18)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3
lpv:translated text	"The current market instability and the particular vulnerability of certain Member States as regards their financial markets fully justify the creation of the European Financial Stabilisation Mechanism (EFSM). While I hope that it will be used as little as possible, which would mean that the Member States are able to respond to the crisis themselves, I must emphasise the important role that this mechanism can play in cases of severe financial difficulties. The creation of a budget line allowing for the EFSM guarantees to be mobilised this budget year has the advantage of endowing the Union with the ability to show solidarity and respond more quickly to any problem that has arisen in the meantime. It also sends out a message of confidence to the financial markets as to the EU’s collective commitment to market security and stability and to helping resolve situations of financial breakdown. Despite these advantages, I believe a serious and very thorough assessment is required of its impact on the Union’s accounts, which is likely to be considerable. If necessary, speed should be given up for the sake of soundness."@en1

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