Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-122-000"
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"en.20110309.7.3-122-000"2
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"Against the background of the current economic crisis, the suggestion to introduce a financial stability mechanism meets the urgent need for solidarity between Member States and is a positive step. However, modifying the Treaty in the format envisaged at the moment could create a mechanism devoted exclusively to a limited number of Member States. This does not allow, for example, Member States which do not have the euro to be included under its remit. I believe that for this mechanism to be truly European, it must be created inside the European Union’s institutional framework, with the involvement of the Commission and European Parliament. It must also take into account the participation of all 27 Member States. We must not forget that the economic fluctuations which occur in Member States outside the euro area have an impact on the economic and financial stability of the whole Union."@en1
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