Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-988"
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"en.20100922.20.3-988"2
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"The economic and financial crisis which has plagued the whole world, including the EU, has brought many challenges, including the need for the EU to respond to speculative attacks on weaker economies that could jeopardise the single currency. It was therefore necessary to create the European Financial Stabilisation Mechanism (EFSM) to ensure support for Member States that feel threatened by these attacks. For this mechanism to be incorporated into the budget, an amending budget, which is justified in exceptional, unavoidable or unforeseen circumstances, needs to be adopted."@en1
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