Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-553"
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"en.20101020.21.3-553"2
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"Ladies and gentlemen, the current Stability and Growth Pact regulations and the weak system of implementation have failed to sufficiently ensure a strong fiscal and macro-economic policy. The recommendations provided in this report are a good start. The rapporteur is correct to observe that we need to proceed with structural reforms regarding social policy and the integration of labour markets, and fiscal incentives to small and medium-sized enterprises. The process of reducing long-term deficits must be combined with other efforts stimulating the economy, such as improved preconditions for investments and an improved internal market, providing increased competitiveness. I also welcome the fact that the rapporteur recognises that any new proposed measures should not have a disproportionate impact on the most vulnerable Member States, in particular, the Baltic countries. That would impede our efforts towards economic growth and cohesion. Last year, enthusiasm for the euro waned slightly in non-euro Member States, including Lithuania. Therefore, it is important for us to appreciate that decisions taken in the first half of the year to safeguard the stability of the euro are only temporary and will need to be supported by a better economic governance framework at EU level."@en1
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