Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-238-000"
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"en.20111130.19.3-238-000"2
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"Mr President, the European Union crisis is contaminating all the Member States, reaching unbelievable proportions. We have witnessed chaos on the financial markets and the increasing inability to secure the finance essential to the activity of our small and medium-sized enterprises, even those that are healthy, leading them to desperation, bankruptcy and unemployment. It is a spiral that is feeding the recession and is destroying the economy and society.
Nobody is denying the serious need for budgetary discipline, for profound restructuring and for more economic governance, but these are necessary conditions that are already insufficient, in the short term, for reversing the deterioration under way in the Union. Moreover, while it is true that there is a need for policies to stimulate jobs and growth, without which we will never manage to control sovereign debt, the central issue now is to ensure finance for our companies and our economies, without which the Union will run off the rails.
Therefore, more than ever, more than Treaty change, we need a robust and steady intervention from the European Central Bank."@en1
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