Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-062-000"
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"en.20110323.15.3-062-000"2
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The sovereign crisis affecting the Member States is obliging the European Union to rethink its economic strategy. The Union’s economic governance is gradually becoming a reality. There is a need for a concerted and coherent economic and financial policy between the Member States of the euro area: a true ‘pact for the euro’. Therefore, and to guarantee the stability of the euro area, this report aims to amend Article 136 of the Treaty on the Functioning of the European Union, as well as to institutionalise a permanent European financial stability mechanism with the aim of guaranteeing stability and financial assistance, according to certain conditions, specifically a rigorous analysis, and the application of an economic and financial recovery programme.
I am voting for this amendment because I believe it to be essential to institutionalise the European mechanism and simultaneously make it more flexible. Nevertheless, I cannot fail to underline that it must take into account the competences of the European institutions, so an institutional framework separate from these must not be created. Current events require the uptake of serious and real positions at Member State level, particularly those states in the euro area. However, I cannot fail to stress that this simplified revision process must not set precedents for future constitutional revisions."@en1
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