Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-401-750"

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"en.20120704.25.3-401-750"2
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"First of all, it should be stressed that the agreement reached at the last Council summit on significant and substantial measures is important for breaking the vicious cycle between banks and sovereign debt, and for reducing the differences between sovereign debt interest rates in the euro area. An integrated financial framework is therefore also being advocated, intended to ensure financial stability, particularly in the euro area, and to minimise the cost to the European public resulting from the potential collapse of banks. In view of the challenges faced by Europe, this report should be welcomed, since it presupposes an anti-crisis agenda that is more balanced, more economically effective and socially fairer."@en1

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