Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-287-125"
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"en.20120613.24.3-287-125"2
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"In 2008, a financial crisis in the United States led to a global economic crisis. Today, we must not allow Greece’s difficulties to ravage the euro area. Moreover, and most importantly, we must not allow the Greek crisis to happen again. We have the same currency. Our economies are much too closely linked for decisions to be taken unilaterally. We therefore need economic governance of the euro area. These reports lay down measures that strengthen the Commission’s powers as regards the surveillance of the national budgets and enhance democratic control by consolidating the role of the European Parliament. In addition, a new rule would empower the Commission to place a country on the verge of default under legal protection in order to give it more clarity, stability and predictability in tackling its problems. By adopting this proposal for a regulation, we are sending a clear signal to the Council. The time for short-term measures and last-chance meetings is over."@en1
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