Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-052-000"

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"Mr President, ladies and gentlemen, let us take a quick look at the harsh economic reality. On the day of the summit, the markets rated Portuguese debt securities for 10-year bonds at 17% interest and for five-year bonds at 20% interest. So much for the question as to the extent to which the summit has helped to calm the economic situation, or the question of to what degree the new intergovernmental treaty has pacified activity on the market. If anyone asks himself where the disquiet is coming from, then perhaps the answer is from the economic data and from the feeling that what we have done is not enough. President Schulz, I would like to thank you expressly for the courage and clarity with which you participated in this summit on behalf of this House in order to say that we will indeed defend the Community method and we certainly want consolidation, but we also need to invest so that Europe’s economies can flourish. I believe that this is a line that this House will be able to agree on, and we will be able to continue to develop a common economic policy."@en1
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