Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-17-Speech-2-081"

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"en.20080617.5.2-081"2
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"In the course of the last six years, the Slovak economy has been growing at an average rate of more than 6.5% per year. Last year growth even exceeded 10%. According to all the indicators, Slovakia meets the criteria with room to spare. The Slovak authorities are aware of the situation with regard to the real and nominal convergence of the Slovak economy and its potential impact on future economic and inflationary development. In their opinion, Slovakia’s consolidation is in line with the Stability and Growth Pact. In accordance with the approved three-year budget, the primary fiscal goal is to reach the deficit of 0.8% by 2010, so this means meeting the fiscal goal. In accordance with the agreed data, the goal is to reach a balanced budget by 2011. That means budget a surplus of 1.3% leaving aside the second pillar. The Slovak Government has adopted measures to keep inflation under control. In June it approved a modernisation programme, featuring structural reforms of the labour market, consolidation of public finances and support for education, science and research. Let me emphasise that the representatives of the business community, entrepreneurs, employers, trade unions, pensioners, Slovak towns and villages, and banks all support the adoption of the euro in Slovakia. The government’s social partners signed a declaration in which they undertake to keep wage increases in line with productivity growth. This will significantly contribute to the sustainability of inflation in Slovakia. I would like to thank the rapporteur and the shadow rapporteurs for their correct approach, based on numbers, facts and analyses. The Slovak officials and the Slovak people wish to contribute to the development of the European economy, and thus to the stability and reliability of the euro."@en1

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