Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-076-125"
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"en.20120201.12.3-076-125"2
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"Twenty-five Member States have reached an agreement on the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, which is an essential element in our efforts to maintain stability and an example of solidarity and determination that the Union is prepared to resolve crises. European leaders have been forced to adopt tough measures to stabilise the euro area.
Financial stability is an important, but not the only element in the effort to ensure economic recovery. We need discipline, structural changes, jobs and sustainable growth. The use of European funds must be optimised. There is a need for practical proposals to tackle the problem of youth unemployment and finance SMEs. We are entering a phase of economic governance based on the European semester, in which national governments recognise that areas of national competence must be approached at European level as well. The European economy must become much more competitive and this becomes possible only through the completion of the internal market. Therefore, the Commission must ensure that all laws regarding the internal market are applied in the Member States and must oversee their implementation. This Treaty is a big step forward towards fiscal and economic integration and towards a better governance of the euro area."@en1
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