Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-241"
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"en.20100209.13.2-241"2
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"I hope that the European Commissioners will be a factor that promotes stability and that they will produce rigorous and well-grounded statements, in contrast to what occurred with the recent statements by Commissioner Joaquín Almunia, who demonstrated a lack of prudence and contributed to stock market losses and a lack of confidence among international investors in relation to Portugal and Spain.
In order to face up to the crisis, the Member States of the EU launched recovery plans and gave stimuli and incentives to the economy, and as a result, increased their deficits. However, we also know of Member States which, either owing to incompetence or intentionally, were wrong about their deficits. Recent events have obliged the European Union to give new impetus to proposals for supervision and to implement a strengthened strategy of economic coordination.
It is also proposed that a system to monitor the value of each Member State’s deficit should be formally implemented, with the aim of quickly defining corrective measures, so as to avoid any irreversible situations. This system should function almost in real time. It is also important to clarify the calculation formula for deficits so as to avoid any massaging of public accounts and to avoid the recurrent use of debudgetisation techniques to camouflage the value of the deficit."@en1
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