Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-281-375"
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"en.20111201.35.4-281-375"2
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"All the national and European institutions are aware of the need to strengthen the role of the European Central Bank (ECB), especially because of the economic and financial situation currently being experienced worldwide. The public debt of several European Member States is in a serious state, requiring institutional and banking support that needs to be perceived with the same decision-making capacity as that of the International Monetary Fund (IMF). Furthermore, as the report states, action needs to be comprehensive in order to ensure that the ECB’s economic and monetary policy supports individual EU Member States, as well as the single currency, which, over the last few weeks, has been going through a difficult time and has been the subject of much debate. The recovery of the single currency and the European economy as a whole will involve important decisions by the ECB, such as the recent decision by the new governor, Mario Draghi, to cut interest rates from 1.5% to 1.25%. These and other fundamental measures will be able to strengthen the ECB and improve the fortune of the euro and the Member State economies."@en1
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