Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-01-20-Speech-3-322"
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"en.20100120.16.3-322"2
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"I believe that each body has its own area of work. This is one of the most important characteristics of the structure of European economic and monetary union and, furthermore, that which gives it credibility.
It is true that the Council will discuss the case of Greece, logically enough as it is one of the Member States of the Union and, obviously, what happens in another European country affects us all. We are affected by what happens in countries outside Europe, not to mention in a place where there is a single market and a single currency for 16 countries.
It is logical that it is debated within the limits set out in the treaty and, furthermore, that it is done based on the budgetary and economic strategy considered to be appropriate to the current circumstances, and which, in this case, is recommended to Greece, from which it will, no doubt, benefit.
The European Central Bank has it own duties in the treaty, duties with regard to financial stability and price stability, from an independent position. The independence of the European Central Bank is an essential principle of the European Union which affords gives great credibility to our economic and financial system, and our common currency, the euro. That criterion of independence should be respected, because it is a fundamental element of the economic and monetary union that we adopted several years ago in the European Union."@en1
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