Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-224-875"
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"en.20111013.19.4-224-875"2
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"The European Council meeting on 23 October will be crucial to the future of European integration. This is why we are placing our trust in the judgment of Europe’s leaders to address the current needs in a concrete, well-structured manner.
As MEPs, we have called for an EU approach to resolving the sovereign debt crisis, and not one focused on Member States’ abilities. In this respect, we feel, in agreement with the European Commission, that European banks must be recapitalised and the European Financial Stability Facility ‘communitised’. The euro area will collapse without these measures.
Creating Eurobonds is another condition without which the euro area will be unable to withstand the pressures internally, as well as externally from the international markets.
Last but not least, it is important that Parliament is involved in the decision-making process because these measures will not go down well with the European general public without democratic legitimacy."@en1
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