Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-045-375"
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"en.20110323.15.3-045-375"2
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"Parliament supports the limited amendment of the Treaty on European Union to allow for the implementation of a permanent stability mechanism for the euro area, which should be formally established during the European Council meetings of 24 and 25 March, by the amendment of Article 136 of the Treaty. This decision will help to make the financial stability mechanism, which has proved it effectiveness since being created last May, more permanent. We will thus have a healthy EUR 700 billion mechanism for providing loans, at the best rate and under strict conditions, to euro area countries in difficulty. It was, however, inconceivable that the amendment of the Treaties would consolidate a mechanism based solely on intergovernmental commitments. The Community method, which we favour, is the guarantee that all Member States of the euro area will receive equal treatment in accessing, subject to strict conditionality, this rescue fund. As for the International Monetary Fund, we will remain extremely vigilant with regard to the conditions of its participation."@en1
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