Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-076-000"
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"en.20111130.14.3-076-000"2
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".
Madam President, we are obviously waiting impatiently for the new measures which the European Council is going to adopt, about which there is a huge amount of discussion. I totally concur with what Commissioner Rehn said, which was that the credibility of the European Union and all its actors also depends enormously on how we implement the decisions which have been made. On this score, unfortunately, things are not going too well. Let me give you the example of the European Financial Stability Facility. The decision was made in October to increase this facility’s commitments, but it is not happening. For the moment, we do not have very good news either about the progress of the negotiations between the private creditors and the Greek Government, with the private creditors committed to reducing public debt by 50%.
This means that the decisions which we have made need to be implemented with the utmost rigour because the credibility of the European Union and that of the euro depend on this as well. I would obviously be pleased if I could receive some communication from the European Commission by the end of this year about how these decisions are being implemented."@en1
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