Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-169-000"
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"en.20110928.19.3-169-000"2
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"Mr President, I supported this report and I certainly re-echo its sentiments when it says that a comprehensive and integrated solution to the euro area debt crisis is needed, because the piecemeal efforts that we have put in place so far have certainly not worked.
I think what we did today was to put in place one piece of the jigsaw. President Barroso proposed other pieces, among them the financial transaction tax and the beefing-up of the Europe Investment Bank so that it can offer greater assistance to SMEs. He also proposed, as did Commissioner Rehn, solidarity bonds or eurobonds. We need further clarification on this; such bonds may or may not require Treaty change, and I believe the details need to be spelled out.
As far as the flexibility within this report is concerned, we can see that the adoption of the multiannual fiscal planning does not deprive any newly elected governments within the time frame covered by the planning of the chance to modify previous policy options so that they can reflect their own priorities.
My final comment is that these reports are addressing a situation where 17 states are members of the eurozone. If one Member State threatens the stability of the currency and other Member States, we cannot ignore that; we have to try and deal with it in a fair and equitable way."@en1
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