Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-445-500"
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"en.20110623.37.4-445-500"2
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Recent events have shown that the various Stability and Growth Pacts did not have the desired effect: instead, several Member States have faced severe problems meeting their obligations and have risked increasing their public debt. The report adopted in plenary today includes a broader package of measures that constitute the proposals for European economic governance. Specifically, this report analyses the issue of Member States’ excessive debts and considers the problems of the European Union as a whole, not just in the sense of resolving the deficits, but also the level of public debt, so as to ensure that procedures are implemented with a view to correcting the infringement early on and thus prevent corrective measures from being implemented when it is already too late. The implementation of the measures is essential for the euro area. With the outcome of the negotiations and the progress made in recent months in trialogue, I hope that we can expect the Commission’s recommendations to be published more quickly, and count on genuine economic dialogue. I hope that the possibility of reviewing the recommendations on the basis of the economic downturns can also contribute to its success, provided that it does not threaten fiscal sustainability."@en1
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