Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-27-Speech-4-104-006"

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"en.20111027.6.4-104-006"2
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"I welcome the conclusions of the European Council, which are so necessary in the context of the current crisis. The agreement reached is essential, not only to rescue Greece and the euro zone but also in order to reconfirm the solidarity and unity which form the basis of European integration. European leaders have taken important decisions in terms of the sustainability of public finances, structural reforms to ensure economic growth and support for the banking sector. These are designed to enable us to overcome the crisis. The introduction of first-class capital into the European banking system will ensure lending to the real economy. Through the injection of EUR 100 billion into the European banking system, the collapse of many of the banks holding billions of euro in Greek state bonds will be avoided. It is important to maintain capital flows in EU countries, including those that are not in the euro area, including Romania. At the same time, these measures must be backed by the adoption of a viable model of European economic governance in order to ensure that we truly overcome the recession and to prevent a recurrence of similar crises in the future. We must at the same time intensify dialogue at international level in order to promote clear and appropriate rules to ensure the optimal functioning of global markets."@en1

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