Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-371-000"

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"en.20120703.18.2-371-000"2
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"I voted for this report, which welcomes the ECB’s longer-term refinancing operations (LTRO); calls on the ECB to further act in a decisive way in addressing the current euro area debt crisis by maintaining price stability while, at the same time, minimising negative spill-over effects on the real economy and the investments that the banking sector’s liquidity problems might generate; believes that the banking sector must take the necessary steps to address its structural weaknesses with regard to longer-term liquidity risks in order to restore investor confidence and therefore to avoid the need for the ECB to intervene so massively in future; considers that the bank’s operational framework should be shaped in such a way that a proportion of the grants would be made available for development purposes and to support small and medium-sized enterprises."@en1
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