Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-20-Speech-2-134"
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"en.20100420.7.2-134"2
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"It is true, Mr Schulz, that the Lisbon Treaty does not allow the so-called ‘bail out’ of Member States. The solution found so far – which has not yet been activated because it has not yet been requested – is, according to the Commission, fully in line with the treaty. I want to underline this. I know a debate is going on in some circles in Germany – and indeed in some other Member States, but in particular in Germany – and I want to say that it is simply wrong that what we have been contemplating is some kind of bail out. It is not. It is a coordination of loans. The Commission will have this responsibility. The IMF will also be in the scheme which, I have to say, is a creative one. It is a solution that was possible only after extensive discussions with our Member States, but it is fully in line with the treaties and, of course, it respects the provisions of the Lisbon Treaty.
Let me conclude on a political note to say that I find it quite extraordinary that it was so difficult to find a solution of solidarity for Greece when one could be found for Latvia, Hungary and Romania. If we can find those solutions of solidarity and responsibility outside the euro area, I think it is quite obvious that we should also find them in the euro area."@en1
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