Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-17-Speech-3-167"
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"en.20060517.16.3-167"2
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".
Europe’s public finances remain in a precarious state. European growth remains worryingly slow.
The drop in deficits that we have seen is more an indication of the economic adjustments following expectations of greater growth in the economy, rather than the necessary structural reforms that are so vital to the future of the European economy.
Against this backdrop, this report highlights the effects on growth, employment and macroeconomic stability of public finances and calls on the Commission and the Member States to work together to take measures to reverse the slow growth of the European economy and to pave the way for the smooth functioning of the single currency. These measures are crucial for the European economy to grow strongly on sound foundations, in such a way that it can provide fresh business and job opportunities for its citizens.
We cannot, however, overlook the difficulties that some Member States have had in recent years in keeping public deficits within the levels of the Stability and Growth Pact. A further reason for us to follow this issue with concern and to call on the Commission and the Member States to take structural measures and be prepared for genuine coordination of economic policies.
I therefore voted in favour of the Rosati report."@en1
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