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Wednesday, 23 March 2011 - Brussels OJ edition

Explanations of vote

Text tabled : A7-0052/2011

  Maria do Céu Patrão Neves (PPE), in writing. (PT) Strengthening the EU’s economic governance has become a priority, especially in the current international economic situation. In fact, when the Treaty of Lisbon came into force on 1 December 2009, there were no expectations that it would have to endure amendments in the near future. However, the well known, exceptional circumstances in financial, economic and also, now, social terms are the deciding factor for this amendment, which has a majority political support.

Nevertheless, I cannot fail to stress that this simplified revision process must not set precedents for future constitutional revisions when there are no truly exceptional circumstances, such as these we are currently experiencing. I agree that there is a need for a concerted and coherent economic and financial policy between the Member States of the euro area, which could guarantee the cohesion and stability of the euro area, so I voted in favour of this report aimed at amending Article 136 of the Treaty on the Functioning of the European Union, as well as institutionalising a permanent European financial stability mechanism with the aim of guaranteeing stability and financial assistance, according to certain conditions, specifically a rigorous analysis and the application of an economic and financial recovery programme.

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