Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-077-500"
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"en.20120201.12.3-077-500"2
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"I welcome the fact that at the informal European Council meeting the leaders of 25 states agreed on the fiscal compact, the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union. This is a precondition for better national budgetary discipline in the future and for economies to be knitted more closely together within the framework of a stronger system. It is also very significant that the issue concerning the participation of the states outside the euro area in drawing up this agreement has been resolved. States outside the euro area will shortly be able to stipulate which points of the agreement they will abide by even before becoming members of the euro area, thus fostering fiscal and economic integration. This decision by the European Council is a very significant step and a sufficiently flexible mechanism, in view of the introduction of the euro in Latvia, which is due to take place in the near future. The peoples of Europe must work together in a targeted, speedy and effective manner, in order to recover from the crisis in Europe and to ensure that it is not repeated."@en1
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