Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-218-000"
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"en.20110928.19.3-218-000"2
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"The adoption of the ‘economic governance’ package is a historic step for the euro area and the Union as a whole. The Greek sovereign debt crisis brings us proof on a daily basis that genuine European economic governance is necessary, as well as a Stability and Growth Pact that is strong, credible and adhered to. We will only come out of this crisis by consolidating our public finances permanently.
The measures that we have adopted today will strengthen the Stability and Growth Pact and will improve the monitoring mechanisms that are meant to prevent and correct macroeconomic imbalances which could lead to contagion. Strong and bold measures are required to address all the elements that contributed to worsening the crisis.
I welcome the announcement by the President of the Commission, José Manuel Barroso, of the creation of a tax on financial transactions. I have been campaigning for several months in favour of creating such a tax, which President Sarkozy and Chancellor Merkel have been hoping and praying for. Back in March, the European Parliament called on the European Commission to submit proposals in this regard. I am glad that this call has at last been heard."@en1
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