Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-273-500"

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"en.20120613.24.3-273-500"2
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"As indicated by the recent development in the euro area, the increasing interdependence between European states as the effects of the recession deepen is the main challenge which the European Union needs to face up to in the short term. The possibility of economic and fiscal problems in one state having an extremely severe impact across the whole EU is a major vulnerability which must be resolved by means of a set of pragmatic, effective public policies. The current number one priority is to restore the credibility of monetary union, and several of the solutions proposed in these reports may make a crucial contribution to achieving this desired objective. At a time when the experience of recent years has shown the paramount importance of decisive measures which have been taken promptly, adopting procedures for supervising the financial stability of states facing economic problems is one of the solutions expected from the European authorities by the international markets and investors. The legislative package must be bolstered by the procedures put forward by MEPs, aimed at ensuring the stability and credibility which European states need, and preventing promptly the difficulties from potentially spreading to other economies. I voted in favour of this report."@en1

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