Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-558"
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"en.20101123.40.2-558"2
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"As the honourable Member is aware, Greece has introduced a number of tax policy measures to reduce its deficit. This economic adjustment programme was agreed with the Commission, the IMF and the ECB. It conditioned the EUR 110 billion financing that is being provided by the euro area Member States and the IMF.
On 6 August 2010, a report was submitted by the Greek Government to the Council and the Commission discussing the implementation of those tax measures, as well as of wide-ranging structural reforms. The honourable Member can refer to the communication from the Commission to the Council of 19 August 2010 for a detailed and thorough assessment of the measures adopted in the first half of 2010 by Greece to comply with Council Decision 2010/320/EC of 10 May 2010.
This assessment mainly concludes that the budgetary execution shows positive developments over the first half of 2010 with a deficit declining faster than planned, mainly as a result of lower than expected expenditure. Moreover, within the framework of the planned fiscal adjustment, the choice of the mix between expenditure and revenue measures made by the Greek Government takes into account important social and economic aspects, in particular, in terms of potential complementarities with a package of structural reforms and measures to improve the micro-economic environment and the functioning of the public sector."@en1
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