Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-232-500"
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"en.20110928.19.3-232-500"2
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"The European Parliament has today passed a historic milestone in tackling the crisis that is shaking Europe and dangerously threatening the euro area. The vote on the governance package, which has been debated for over a year, is an important step forward that we should welcome. The six texts contained in this package reflect a subtle balance between national sovereignty and necessary European coordination in budgetary matters. It will at last ensure the viability of the single currency and restore the markets’ confidence. The sanctions imposed on irresponsible Member States will no longer be left to the vagaries of the Council’s horse-trading, but will instead be the focus of transparent measures implemented under the auspices of the European Commission, comprising a preventive aspect and a curative aspect, and designed to restore sound management of public deficit.
We must nevertheless remain lucid: these measures are crucial, but they will not be enough. Two conditions are intrinsically linked to the system’s success: a real investment in growth on the one hand, and further integration and solidarity of the European economies on the other hand, thanks in particular to the creation of a European Finance Ministry and the introduction of Eurobonds. Let us not shrink from this historic opportunity."@en1
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