Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-056-250"

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"en.20110323.15.3-056-250"2
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"I voted in favour of this resolution because it is important for the whole of the European Union as it recovers from the tough economic crisis. Consequently it is very important to establish such a mechanism that would stabilise the euro area and ensure its effective and efficient functioning and development. The European stability mechanism is a permanent aid fund assisting euro area Member States affected by the crisis. However, for this mechanism to function effectively it must be brought fully into the institutional framework of the Union. Above all, it is necessary to ensure that it is open from the outset to all Member States, even those whose currency is not the euro. I believe that it is advisable to provide for financial measures which would give the opportunity to purchase bonds from those countries that are facing enormous debt problems. This would pave the way for them to access financial markets while encouraging a speedier economic recovery. I agree with the proposal that other EU institutions should also be involved in the mechanism’s management process, and that the Commission should be given more powers, in order to effectively implement the Union’s expanded functions in this area."@en1

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