Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-402-625"

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"en.20120704.25.3-402-625"2
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"The European Council has drawn up a four-point platform for the recovery of the euro. First of all, with the ‘anti-spread mechanism’ the European Financial Stability Facility and the European Stability Mechanism will be able to be used in the most flexible way to buy government bonds on the primary and secondary market. Next, it is intended to create banking union, in which banking supervision will be up to the European Central Bank, and economic union. Within the year, the Council of the European Union will present a road map to strengthen economic integration between Member States and create a budgetary union. The last aspect concerns growth with a EUR 120 billion plan based on recapitalisation of the European Investment Bank (EIB), new project bonds, reorientation of the structural funds and more efficient use of the EU budget. With this ambitious programme we can hope for a prompt recovery of the euro and the European economy."@en1

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