Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-220-156"
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"en.20110928.19.3-220-156"2
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"The European Parliament has held the final vote today on the economic governance legislative package. This is a package of six proposals relating to the coordination of economic policies in the European Union.
I chose to vote against the majority of these proposals as I think that the solution to the current economic crisis cannot consist exclusively of austerity measures. The European Union needs fiscal adjustment measures. However, they also have to be combined with elements fostering investment, job creation and economic growth. The austerity package voted on today in the European Parliament could fuel economic stagnation and exacerbate the precarious situation which numerous European Union citizens are in.
However, I welcome the announcement made today by Mr Barroso and reinforced by Mr Olli Rehn, the EU Commissioner for Economic and Monetary Affairs, about the proposals which the European executive is preparing on introducing a tax on financial transactions and issuing common Eurobonds. Implementing the second initiative would help reduce Member States’ debts and increase liquidity on the European market, encouraging the much-awaited prospect of economic recovery."@en1
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