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 Full text 
Wednesday, 13 June 2012 - Strasbourg Revised edition

Preparation for the European Council meeting (28-29 June 2012) - Multiannual financial framework and own resources (debate)

  Ivo Belet (PPE), in writing. (NL) We will not solve the crisis in Europe through Greece’s exit from the euro area. Such a scenario will only lead to socio-economic disaster and a heavy loss of prosperity, for all Europeans. Besides, the departure of Greece from the euro would mean a humiliating defeat for the European integration project. Basically, it is not an option. The only way out of this crisis is to move forward. Only by deepening European cooperation can we emerge stronger from this crisis.

There is, therefore, an urgent need for common management of (a part of) the debt of Member States in a European debt redemption fund. Put differently: economic growth and sound finances, these are the two sides of the same euro coin. ‘We still have three months’, said Christine Lagarde of the IMF, ‘to save the euro’. I assume that she knows what she is talking about. Three months is more than enough time for us to do what must be done. It is purely a matter of political courage. Parliament is setting out a number of clear beacons here. At the summit of 28 June 2012, the Heads of State or Government must take responsibility and continue.

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