Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-443-000"

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"en.20120214.21.2-443-000"2
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"Mr President, ladies and gentlemen, we have wasted too much valuable time in moving in a direction that to me appears logical, as well as obligatory. Struggling Member States are being asked to make considerable cuts to their budgets and there have even been suggestions of them being put into administration. They cannot afford to pay thousands of euros more than other euro area countries to refinance their debt, or they will never get over this crisis. I think the solution recently proposed by some French analysts is very interesting. It involves a shared issue of European securities weighted according to the situation of the different Member States. This would deliver general savings on the costs of refinancing, which would be beneficial not only to the countries paying more, but also to the ‘well-behaved’ countries. We need to act quickly. Europe can no longer be dominated by the interests of a single country that demands to decide for all the others."@en1
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