Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-063-000"

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"Mr President, I have to say that the wishes of the Group of the Alliance of Liberals and Democrats for Europe have never been met so quickly by the Commission. The chair of our group has only just requested the documents that describe the proposals in detail and here they are. We have asked for the documents because I would like to reassure myself that I have correctly understood one point which is particularly important to me. The Commission proposals, which, on the whole, are excellent and far-reaching, include the following statement: Deciding a sustainable solution for Greece within the euro area, through an effective second adjustment programme. We need a lasting solution for Greece within the euro area and we can achieve this by making Greece’s debts sustainable. In other words, this is the famous haircut. It is insolvency or, if you prefer, ‘re-solvency’. That was precisely our position. This is why we were accused of being populists a few weeks ago when we said that debt reduction would be needed to allow Greece to emerge from the crisis. The Commission is rightly combining this with robust implementation and supervision mechanisms. This is the right thing to do. We want solidarity, we want to keep Greece in the euro area, but we also want solidity and we want to be able to monitor it, because solidarity cannot be a one-way street. That is extremely important to us. I am pleased that the European debate is now moving in this direction. I am also pleased that our position, which all the experts have long since confirmed is the right one, is now also being confirmed in the political arena. I always get a warm feeling when I hear the Tory Members of this House, like Mr Kirkhope, calling for strong European solutions to recapitalise the banks. Issues like national sovereignty and the United Kingdom and its special position always come to mind in these circumstances. However, I am pleased that there are occasions when even London believes that Europe is useful. I would just like to see this happening more often. I have one final point to make, which is that the news agencies are already reporting that the opposition and the governing parties in Slovakia have agreed to support the European Financial Stability Facility (EFSF) and the increase in its scope. This also pleases me. The spectacle of the last few days clearly shows that the requirement for unanimity is a means of setting up blockades. We need majority decisions, including when it comes to stabilising the euro."@en1
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