Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-073-000"
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"en.20121120.3.2-073-000"2
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"Rising unemployment, the uncertain situation in the banking sector, high interest rates on loans granted to some countries, difficult access to resources, declining investment, lack of competitiveness, the risk of poverty … These are problems that Europe will not be able to solve if it is not closely linked in a true economic and monetary union.
A common currency can be sustainable and stable only if Member States are willing to delegate their powers in the field of fiscal policy to the level of the Union. We need to create a stable framework within which Member States can rely on support which is based on solidarity with other Member States, should problems arise. On the other hand, each Member State must take responsibility for its financial stability and its behaviour in the area of fiscal policy.
It is therefore essential for the Commission, in cooperation with the Council and the European Parliament, to submit by the end of the year a proposal for concrete steps and measures in order to achieve genuine economic and monetary union."@en1
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