Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-23-Speech-1-040"

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"en.20090323.13.1-040"2
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"Last week’s EU Summit confirmed the basic principles which the European Parliament has also enunciated, namely that the European Union does not tolerate protectionism and does not allow the dismantling of the achievements of the common market. I congratulate the President, since he was present at the European Council meeting. Very important decisions were taken, including decisions on the matter which Prime Minister Ferenc Gyurcsány of Hungary recommended a year ago and which the Rasmussen report of the European Parliament supported, namely that a financial market and bank supervisory system be set up. A decision in principle was taken on this at the summit, which represents a very important step forward. It is an important step forward for the entire European Union, but especially for Central and Eastern Europe and the Baltic states, that banks cannot abandon their subsidiaries situated in that region but must forward the support they receive. The fact that support to the balance of payments of Member States outside the euro area has been doubled from EUR 25 billion to EUR 50 billion is a very important expression of EU solidarity. This is in the common interest of all of us, and thankfully it is in the interest of the entire European Union."@en1
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