Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-075-500"
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"en.20110914.3.3-075-500"2
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"As a first step out of the crisis, we need to adopt the ‘six-pack’ legislative package aimed at strengthening economic governance, and we even need to go further. Careful consideration must be given to the introduction of Eurobonds in the near future and to the inevitable tighter political coordination related to this, because the only alternatives are never-ending rescue packages or the bankruptcy of states in difficulty. It is gratifying that the European Commission, too, acknowledged the necessity of this when it promised to draft a proposal. It is similarly gratifying that the French-German summit in the summer seemed to suggest that even the European right-wing has finally acknowledged that austerity measures are not enough, and that the burdens of the crisis need to be distributed much more fairly than at present between the already overburdened European citizens and the financial sector, which has so far failed to share them. Therefore the introduction of the financial transaction tax proposed by the Socialists is now also supported by the European right-wing. This tax – cleverly calibrated – needs to be introduced as quickly as possible, and its introduction must be accompanied by a much stricter monitoring of the financial markets. I am confident that the Commission will submit a proposal for this, too, in the near future."@en1
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