Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-01-12-Speech-1-994"
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"en.20090112.20.1-994"2
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"In the spring of 2006 twelve Member States were going through an excessive deficit procedure. As a result of implementing the recommendations and decisions issued by the Council in the case of countries with excessive deficit, two and a half years down the line the number of Member States going through an excessive deficit procedure is approaching zero. This achievement has been possible thanks to the presence of favourable economic conditions in 2006 and 2007. During the 2008-2009 period we are facing an economic crisis which has already sparked in many Member States economic recession, a rise in unemployment and large numbers of company bankruptcies, especially among SMEs. The European economic recovery plan provides for major public investments for modernising transport and energy infrastructures. Member States are developing programmes aimed at supporting SMEs to allow them to stay in business. In these conditions, Member States in the euro zone, as well as all Member States, will find it difficult to meet the convergence criteria. I believe that measures need to be adopted at European level to enable Member States to face up to the current challenges such as an ageing population, migration, climate change etc. Agriculture, education, health and transport, which are key areas for the EU’s economic development and European citizens’ quality of life, must benefit from specific public policies."@en1
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