Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-24-Speech-3-445"
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"en.20071024.42.3-445"2
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"−
The Council can always surprise the Members. As I said, the Ecofin Council asked a working group to analyse the situation in great depth and detail and also any new instruments or measures which might in the future prevent situations such as these from affecting the European financial markets. It is therefore alert to the problems as it has asked the competent bodies to carry out detailed work. It has asked this working group to propose the measures which might need to be adopted in order to prevent situations such as the one we have seen recently. We will have to wait and see whether or not these measures prove effective in practice. However, the Council will be advised of the measures which might have to be taken in order to prevent our economy from being affected in the future by any further financial turmoil.
I must mention that this issue was also covered at the Informal Meeting of Heads of State and Government which was held in Lisbon last week. At this meeting the following message was heavily underlined by our Heads of State and Government: firstly, that the European economy is presenting what the economists call ‘good fundamentals’, in other words our economies remain sound, and, secondly, that it supports the measures which have been taken by Ecofin and which are proposed in this area."@en1
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