Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-041-250"

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"en.20110323.15.3-041-250"2
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"Today we voted in favour of the amendment of Article 136 of the Lisbon Treaty, which will enable the EU to establish a stability mechanism which is only intended for members of the euro area. The European stability mechanism will be aimed at reinforcing budgetary discipline and coordination of economic and financial policies of the euro area Member States, including the promotion of a joint European response to such challenges as growth, overcoming economic and social imbalances and improving competitiveness. I believe that this mechanism will ensure greater financial stability for the euro area and will speed up the economic recovery of euro area Member States. However, countries not in the euro club, which were worst affected by the crisis, remain in the sidelines, and the road to more rapid and sustainable economic recovery will be blocked. I feel that the EU must show greater solidarity and provide the Member States with full assistance to enable them to join the club of euro area countries and become fully-fledged EU Member States."@en1

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