Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-05-Speech-3-783"
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"en.20100505.81.3-783"2
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"i
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The crisis unfolding in some countries of the euro area presents an unprecedented warning to European decision makers to unconditionally protect public funds and the Community’s finances. The economy and the international markets react with exceptional sensitivity to any measure taken by the European Union, such as, for instance, the rescue packages adopted in recent days. Entire national economies could be threatened if crisis management is not handled appropriately and on a European level. Therefore I would not be exaggerating when I say that the eyes of the whole world are on our finance ministers and on the European institutions. To this day, the governments of certain Member States, by pursuing their personal interests and functioning like oligarchies, have brought their own economies to the brink of bankruptcy and made any future prospects unattainable for entrepreneurs, families and qualified young people. Because of this we can only welcome the rapporteur’s intention to increase the accountability of Member States. Today this is one of the key issues for successful crisis management. Rigorous monitoring, in order to end the era of corrupt governments, is more important than ever in this critical period."@en1
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