Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-039-000"
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"en.20111213.5.2-039-000"2
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"Mr President, now is not the time for hysteria, exaggeration or melodrama on any side, here or anywhere else. We should analyse the events of last week coolly and calmly. The United Kingdom was not in the euro on Thursday, it was not in the euro on Saturday. Nothing changed. The United Kingdom wants to see a solution to the eurozone crisis, but not a solution at the expense of the single market, and competitiveness continues to be the key.
The UK is still a full member of the European Union and will remain so. We believe in our national interests that we should be part of the EU. The UK’s position on the euro is unique; we also have a major trading currency to protect. It makes sense for existing eurozone countries to strengthen the rules governing the euro in the future and it would seem logical for countries who aspire to join the euro to sign up to those rules also. It not only makes little sense but it seems unfair to make demands on the UK unless safeguards could be secured in major areas such as protecting the City, but also protecting Europe from the City too.
We need to have a strategy to deal with the Greek and the wider sovereign debt problem. Underlining banking weakness, reducing budgetary debt, adjusting loan arrangements and improving capitalisation of our banks should, of course, still be the real priority of all our leaders today."@en1
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