Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-330"

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"en.20100325.34.4-330"2
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"The way that the European Central Bank has introduced measures in response to the current economic, financial and social crisis has played a vital role, particularly through the measures that have allowed the Member States to maintain their liquidity, issue credit to companies and reduce interest rates, amongst other things. I therefore believe that exit strategies must make allowances for the genuine stability of the financial markets or suffer the return of a strengthened version of the effects that we have already experienced but whose impact has been softened by these measures. Furthermore, I believe that we should give some thought to adapting the Stability and Growth Pact. The purpose of this would be to make it more flexible and adapt it to exceptional situations such as the one we are currently experiencing."@en1

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