Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-397-375"
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"en.20120704.25.3-397-375"2
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"The Council of 28 and 29 June 2012, held against a backdrop of great concern about the economic and financial crisis, took some important steps in combating the euro crisis, covering not just budgetary consolidation but also economic growth, and bringing an end to the vicious cycle between Member States’ banks and sovereign debts leading to their having lower rates. I welcome the adoption of the Compact for Growth and Jobs, particularly the mobilisation of EUR 120 billion to stimulate investment, growth and jobs. This Council took important steps towards economic recovery and brought a new institutional and political vitality towards an EU that is stronger and more united in economic and monetary terms. This also constitutes an important step towards establishing a full EU banking union. I believe this was a positive Council, with a direct impact on economic growth, on jobs for young people and on support for small and medium-sized enterprises. I therefore voted against the motion for a resolution that has been tabled, pursuant to Rule 110(2) of the Rules of Procedure."@en1
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