Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-562-000"

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"Mr President, I would like to thank the minister, Mr Kármán, and Commissioner Rehn for their explanation, given what we have seen over recent weeks. If confidence in the market is weak, every trace of doubt has direct consequences for those countries that already find themselves in difficult circumstances and thus, for the euro as a whole. Unfortunately, that became apparent last weekend and then it was denied in the press that any secret meeting was taking place, which then has a double whammy effect on the already fragile confidence. I hope that the parties in question learn very quickly from this. Mr President, easy choices and pain-free solutions have been out of the question for quite some time. The support measures for Greece, Ireland and Portugal need to be robust in order to restore financial and economic stability. The package must pave the way for sustainable public finances and economic growth. I therefore want to call on the Council and the Commission to look deeper than the funding needs of these countries over the coming year in order to avoid us facing the same problems in a year’s time. Mr President, it is important that decisions be taken in June on an ambitious package of legislation aimed at strengthening economic governance in Europe in order to win back the confidence of the markets and also in order to ensure growth and jobs on behalf of all our citizens and to increase the cohesion of our economies. I therefore want to call on the Council to give its backing to Parliament’s ambition to provide greater accountability and more public debate in this House, greater involvement of the national parliaments, and to put an end to horse-trading in the Council when the Commission’s view is not to its liking. This package must include a strong monetary arm alongside a strong economic arm, including the Europe 2020 strategy to secure the tenability of our social market economy for all 27 Member States. I am thus calling on you to show resolve in the Economic and Financial Affairs Council (Ecofin) next week."@en1
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