Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-08-Speech-3-355"

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"en.20100908.17.3-355"2
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"Question 2 by Rodi Kratsa-Tsagaropoulou () Attempts to achieve financial reform at European level aim to improve public finances and balance Member States’ budgets. At the same time, action is being taken to clean up the wider financial sector, and particularly the banking sector, which is directly linked with the real economy. These efforts, however, are concerned only with the public debt situation, not with private debt, which is the second component of a country’s overall debt. What impact does private debt have on the social situation of each Member State, and what are the links between private and public debt? What does the Council intend to do in the event that (a) private debt is greater than public debt, (b) it is increasing? How will it tackle such a tendency, given that the Stability and Growth Pact does not envisage tackling private debt?"@en1
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"Subject: Budgetary adjustment and private debt"1

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