Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-098-500"
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"en.20111012.14.3-098-500"2
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"The economic situation in Europe undoubtedly calls for a decisive and speedy reaction from the Member States. A new package of regulations reforming the Stability and Growth Pact and the consolidation of public finances are decisive responses to the debt crisis affecting the countries within the European Union. While restoring budgetary balance in the Member States, we should also remember that the European economy also needs investment incentives and clear political signals that will encourage its development and restore economic growth in the long term. A basis for the success of the European economy and the main source of economic growth in Europe is a smoothly functioning single market. Therefore, further integration of the internal market should be a priority for the next few months, along with implementation and enforcement of the laws already in place. When deciding on how to steer the European economy out of the crisis, we should also keep in mind that problems in the euro area are problems which affect the entire Community. All Member States involved should therefore have a role to play in anti-crisis measures, including those who currently do not belong to the euro area. Let us hope that the result of this upcoming European summit will be an ambitious and detailed plan enabling the European economy to overcome the crisis eventually and the Member States to embark on a path of long-term growth."@en1
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