Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-048-625"
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"en.20110323.15.3-048-625"2
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"In the absence of other alternative solutions proposed by the Council, it was necessary to vote in favour of making the European stability mechanism permanent, in order to provide assistance to our Greek, Portuguese and Irish colleagues. However, the debate is far from over. This concession made by the French socialists is not an indicator of the outcome of other forthcoming debates on the economic governance issue. Faced with the introduction of this intergovernmental mechanism, it is important to move forward and implement instruments which will encourage recovery in growth and business. It is, among other things, to ensure that we are able to finance such instruments that I am campaigning alongside my socialist colleagues for an increase in the European Union’s own resources. We could also use the Structural Funds in conjunction with the European stability mechanism to make deficit countries converge upwards. It is with ambitious budgets and the promotion of a European social model that we will be able to emerge from the crisis."@en1
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