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Verbatim report of proceedings
Thursday, 1 December 2011 - Brussels Revised edition

Explanations of vote
MPphoto
 

  Elena Băsescu (PPE).(RO) Mr President, I voted for this report as the stability of the financial markets needs to be maintained. Europe needs to have a suitable economic policy framework, thereby limiting public sector debt. I welcome the proactive stance taken by the European Central Bank (ECB) during the crisis. However, it is important that the evaluation methods used are made public.

At the same time, it would be appropriate for the ECB to provide better information about the funds held by the central banks in the euro area. I support the establishment of macro-prudential supervision for the financial system. It must take into account the disparities between Member States both inside and outside the euro area. However, I should point out that the bank must have a constructive and balanced attitude to all the countries in the European Union. The ECB must use the instruments available to it responsibly, including printing money.

 
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