Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-088-000"

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"Mr President, the next Council must decide on the financial aid requested by the Spanish Government to rescue part of its financial system. It is an inevitable decision in view of the inability to finance through bonds at close to 7% interest and 500 points’ difference from the German bonds. This reminds us, however, that a change of tack is required, which means that political union is not solely limited to banking surveillance, but rather a need to reassess the deficit review schedule, mutualisation of the debt, and a budget with the resources to fund strategic investments that stimulate growth and create jobs. It also means preventing a messy exit from the euro by Greece, which is an issue we must resolve within days rather than weeks. Furthermore, it means changing Europe’s image, which is increasingly identified with the so-called ‘men in black’, who threaten sanctions and use a stick, but no carrot, with no stimulant for growth and no hope for young people. It is essential to change not only that Europe, but also that idea about Europe, for which we are facing a race against time."@en1
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