Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-16-Speech-4-961"
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"en.20101216.15.4-961"2
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"Important decisions were taken this year aiming to establish an EU framework for economic governance and financial supervision. The EU will see the launch of the European Systemic Risk Board, responsible for the macro-prudential oversight of the financial system in order to avoid periods of widespread financial distress and contribute to the smooth functioning of the internal market, thereby ensuring a sustainable contribution on the part of the financial sector to economic growth. I approve of the proposal to establish a permanent European Stability Mechanism and so further reinforce economic governance, in order to be able to ensure effective and rigorous economic surveillance and coordination, which will focus on prevention. I agree with the proposal set out in the resolution that Member States outside the euro area should have the possibility to be involved in the creation of this mechanism and they should be given the opportunity to obtain financial assistance if necessary."@en1
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