Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-11-Speech-3-263"

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"en.20091111.21.3-263"2
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"Mr President, Commissioner, the European Commission has shown clear and cooperative understanding to those Member States that have encountered fiscal difficulties because of the crisis. Stable, strong social support systems cannot be maintained if the Member States do not have strong economies. My fellow Members are proposing to restrict the conditions for offering financial support, but I consider this to be undesirable in principle. Instead, we should give serious consideration to the possibility of extending the conditions under which financial support may be obtained, allowing it to be used not only to reinforce states’ budgets and financial systems, but also for the development of the economy. Investment in the economy is necessary in order to guarantee a stable social support system in the long term. The use of financial aid resources in this way too would be the best way in which to provide help as quickly as possible to Member States encountering financial difficulties. The recovery of states from the crisis and their further stabilisation is closely linked with European Union policy in relation to those states. Only harmonised and effective action will produce results on an EU-wide scale. Financial aid is not, and cannot be, the only way in which European states can support each other. Complex solutions must be found that will foster the economic development of all the European Union Member States."@en1
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