Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-19-Speech-3-027-000"
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"en.20110119.4.3-027-000"2
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"Mr President, we need to acknowledge that, even though it was completely unprepared institutionally and politically, Europe made serious steps to deal with the crisis right from the start. From the application of the support package for Greece nearly a year ago, through to the decisions taken by the last European Council to set up a permanent stability mechanism, important steps forward have been taken. However, continuing and increasing pressure from the markets, which is no longer being exerted solely on the most vulnerable economies in the euro area, prove that our decisions are fragmentary and inadequate, in terms of providing an integrated response to the crisis.
We therefore need an integrated European response to the crisis, which will not replace or overlook the responsibilities of the Member States to keep to their word and restructure their public finances, but which will protect these economies from attacks by the markets and help to ensure that their efforts are successful.
Mr President, a few days ago, the European Parliament passed a resolution calling on the European Commission to carry out a feasibility study into the issue of Eurobonds without delay."@en1
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