Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-407-000"
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"en.20120522.18.2-407-000"2
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"Mr President, Commissioner, ladies and gentlemen, almost all of us agree that the way to exit the crisis is through austerity and reforms to instigate growth.
We should not fall into the false debate of austerity versus growth: austerity is a key tool and required in order to achieve the goal of economic growth.
In this respect, Spain is an example, an example of a country committed to fiscal consolidation and reforms. To achieve this, Europe must focus on the formation of fiscal policy measures that will ensure austerity as well as growth and job creation, but the European Central Bank needs, more than ever, to instigate a monetary policy that allows for the acceleration of the effects of the implemented structural reforms.
The ‘policy mix’ is of key importance, today more than ever. There is a need to underpin the adopted fiscal measures with a more relaxed monetary policy that means that the aforementioned measures and reforms have the quickest possible effect: over 20 million unemployed people in Europe are waiting."@en1
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