Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-420-000"
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"en.20110215.25.2-420-000"2
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"Mr President, I support this Treaty change and my group supports it, because we want to see stability within the eurozone. Although the United Kingdom is not a member of the euro – and I hope it never joins – we have a vested interest in its success. Half of the UK’s trade is with eurozone countries. The City of London is the financial capital of Europe. So Britain wishes the eurozone well and we hope that the proposed stability mechanism will provide support in the short to medium term.
My hope is that this Parliament will act responsibly and approve the change proposed by Council. But in the long term, if the euro is to survive and prosper, more radical change is necessary. Mr Barroso, you can have as much supervision and surveillance as you like, as much economic governance as you like, but fundamentally, if countries like Greece and Ireland and Portugal are to remain within the eurozone, they need to become a lot more competitive, as competitive as Germany, and that is where your Commission should concentrate its efforts."@en1
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The resource appears as object in 2 triples