Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-388-000"
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"en.20120215.18.3-388-000"2
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"Unfortunately, the annual growth analysis does not provide the necessary solutions to restore confidence in European economies and financial markets. We must take urgent measures to support employment and to achieve the EU 2020 objectives. Furthermore, we should also take into consideration the interdependence of the economies and budget policies of the Member States and the domino effects which may occur in certain cases. The Member States’ growth prospects are extremely dependent on the anti-crisis measures.
Therefore, I believe that all EU Member States must take urgent measures to correct excessive deficits and reduce sovereign debts to an acceptable level. In order to restore the confidence of investors, we need a reform of the regulatory and control framework of the financial sector. The banks must not restrict lending to the real economy unreasonably, and regulatory actions should lay the foundation for increasing their lending capacity."@en1
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