Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-073"
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"en.20101215.5.3-073"2
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"Madam President, as has also been mentioned by previous speakers, the European Union has obviously not made sufficient progress up to now in terms of ensuring the financial stability of its markets. Against a background where speculators are jeopardising the stability of the single currency on a daily basis by isolating and exerting pressure on Member States, the solution can only be achieved by maintaining solidarity at EU level. Indeed, creating a permanent mechanism for safeguarding the euro area’s financial stability has become a necessity and will have to be coordinated using the Community method.
Citizens’ interests are best protected when EU institutions are fully involved in the decision-making process and the general good takes precedence over the interests..... At the same time, we must bear in mind that it is vital for all 27 Member States to be involved in this future mechanism as part of the single market. The instability of other currencies will always have a considerable impact on the position of the euro."@en1
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