Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-273-937"
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"en.20120613.24.3-273-937"2
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"The Commission proposals to complete the economic governance package are intended to ensure the conditions for enhanced supervision and protection of the Member States targeted with financial assistance and/or threatened with difficulties or instability. Following on from the financial crisis and the sovereign debt crisis that have debilitated Europe, this report learns lessons and proposes solutions for stability and growth based on preventative measures enabling early resolution of the problem instead of fixing already established problems. It stipulates that, when a Member State is experiencing grave difficulties, it should have enhanced supervision – which will depend on the severity of the financial difficulties and the assistance accorded to countries – and everything possible should be done to prevent contamination of other economies. Any countries failing to comply should also have the guarantee of legal protection and will have an adjustment programme that will be monitored by the Commission and other competent bodies. I voted for this report, since it is an element of reinforcing stability and confidence in euro area countries, which are pivotal to a sustainable recovery and to laying the foundations for growth in Europe."@en1
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