Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-082"
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"en.20101020.3.3-082"2
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"Mr President, ladies and gentlemen, I should first like to congratulate our colleague, Mr Feio, on the quality of his report and the ambitious proposals that it contains. This also demonstrates that the European Parliament is playing a full part in a debate that is decisive for the future of Europe, and we can only be pleased that this is the case.
Furthermore, the Greek crisis has revealed the shortcomings that are undermining the economic governance of the European Union. On this point, I therefore take note of Mr Feio’s proposal to establish a permanent mechanism for financial stability. We must also deal with this problem at its source.
I believe that the solution for this also lies in strengthening the Stability and Growth Pact and particularly its sanctions. That is essential if we wish to achieve a lasting rehabilitation of national budgets, something that is not always popular. It is restrictive, but we have no choice."@en1
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