Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-885"
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"en.20101123.33.2-885"2
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"I voted for the annual ECB report for 2009. The ECB continued its policy from 2008, setting an inflation rate target of close to 2%, while increasing liquidity in the markets. The ECB therefore adjusted interest rates down to 1% and continued the non-standard measures introduced in 2008 throughout 2009. The five key elements of the enhanced credit support were fixed rate full allotment, an expansion of the list of collateral, longer maturities for refinancing operations, liquidity provisions in foreign currencies and financial market support through a measured but significant covered bond purchase programme. Close coordination is required with national governments in EU countries in connection with their own programmes, especially in the light of the crises which have hit Greece and, now Ireland, and of the gloomy prospect of them spreading."@en1
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