Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-277-031"
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"en.20111201.35.4-277-031"2
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"I am convinced that the euro will survive the critical times that we are experiencing. I commend the proactive and determined stance that the European Central Bank has taken during the crisis, which has led it to take on a vital role in economic growth in Europe. I welcome the economic governance package and would highlight the need to rapidly implement and apply the provisions that it contains. I would call for the consistent and balanced application of the European Stability and Growth Pact and an automatic mechanism for the imposition of sanctions on countries which run budget deficits. I would also call for a significant increase in the resources available for the new financial supervisory architecture, in order to increase its effectiveness."@en1
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