Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-106-000"

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"en.20110309.7.3-106-000"2
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"I can summarise my position in three points. Firstly, the idea of a permanent stability mechanism for the euro in itself constitutes a vital contribution to strengthening the single currency, to greater monetary integration in the EU, and to making the public debt markets more stable. We should therefore support it unreservedly. Secondly, the permanent stability mechanism can only be created with security and legal certainty if it is included in the Treaties in a clear way. We should therefore support the careful amendment of the Treaty on the Functioning of the European Union. Thirdly, it would obviously be preferable if the aforementioned mechanism were created and managed by the European institutions themselves, rather than emerging as an intergovernmental initiative for the euro area. Nonetheless, we are well aware that this is impossible in the face of insurmountable objections from certain Member States, and it only takes one such objection for the amendment to the Treaty not to be passed. We should therefore support the Council’s proposal for the amendments of the Treaty as it is."@en1
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