Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-262-609"
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"en.20110928.19.3-262-609"2
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"The finance ministers of the Member States met on 16 September in Wrocław, Poland, under the Polish Presidency of the Council, to assess a package of six legislative acts, comprising five regulations and a directive, aimed at improving the economic governance of the EU. It has been the focus of intense negotiations between the Council and Parliament, which has tabled 2 000 proposed amendments. This report, drafted by Ms Ferreira, forms part of this strategy and advocates a regulation intended to prevent and correct macroeconomic imbalances in the euro area, in particular at a time when the EU is undergoing an extremely complicated stage owing to the potential bankruptcy of one of its Member States. I welcome the agreement reached by the ministers of finance as I am aware that this is a very positive sign for investors and financial markets, as well as proof of the EU’s ability to overcome its problems. I am also pleased that this report has been adopted, as it will be a response that will help to prevent future crises. To this end, it is based on an approach geared towards austerity and on the strengthening of sanctions for countries that do not respect the rules of the Stability and Growth Pact."@en1
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