Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-045"

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"en.20101215.5.3-045"2
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"Madam President, the euro is our common asset and, today, the trade unions told Parliament that they were concerned that employees themselves were paying the price for the crisis through a weak euro, a euro under attack and not through a growth-promoting, job-creating euro. It is therefore essential that we do not pursue a simple technical revision of the treaties and that the two major dysfunctions of the euro area revealed by the crisis are addressed. The first approach is to introduce eurobonds, as we have heard. Eurobonds will not only stabilise the level of the euro, they will also immediately counter the speculative attack. The second approach to introducing fiscal justice and to making the financial market pay the price for the crisis is precisely to introduce a tax on financial transactions so that it is not employees who, as a result of fiscal injustice, pay the price for this crisis. Finally, a European debt agency must be established, which must be able to pool some of the sovereign debt of the Member States. Finally, I would also like to support Mr Juncker and to say that increasing the stability fund, which was proposed by Dominique Strauss-Kahn, Director-General of the International Monetary Fund (IMF), is a good idea. Early intervention – as we have heard – not being late and choosing to become strong and not weak would enable us to perform an act of governance that would re-introduce the confidence called for by our President, Martin Schultz."@en1
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