Reinforcing economic governance in the euro area

A seismic shift is at hand, and America s recent fiscal follies may well be the tipping point.

Only a small fraction of the seismic moment formula_6 is converted into radiated seismic energy formula_15, which is what seismographs register.

An objective is something in prospect, a prospective effect, an illusion like the European Community!

I cannot believe that we really want European union if we do not want and have not managed to fill this gap.

The proposals put forward by President Van Rompuy represent a strengthening of the existing framework for fiscal and macroeconomic surveillance in the EU .

I have to thank Parliament for confirming the delicate compromise reached on this subject in regard to the Council's position, which was expressed at the sitting of 28 June.

( 7 ) Whereas the rules for such a strengthening of the surveillance and coordination of budgetary policies have been laid down in Council Regulation .

The strengthening of domestic demand and , in particular , consumption may point to the recovery in economic activity in the euro area regaining some momentum .

In this respect , specific provisions on time limits in relation to bank restructuring and reinforcement of credit institutions own funds under the Royal Decree Law should be adopted and clearly specified12 .

This is the first official recognition of Catalan on Spanish tettitoty.

As regards the preventive arm of the Pact , the Governing Council also takes note of some proposed changes which are in line with its possible strengthening .

From the ECB 's perspective , changes in financial markets prompted by the introduction of the euro call for a substantial enhancement of the mechanisms for cooperation between national authorities and also with the Eurosystem .

The Commission has always acknowledged that a strengthening of checks at the Community's external frontiers is a necessary measure to make up for the elimination of checks on individuals at internal frontiers.

Creating an integrated system of quarterly financial and non financial accounts for the euro area and enhancing the conceptual and numerical coherence of the data framework used for economic and monetary analysis .

whereas the pact includes two main elements ( i ) strengthening the surveillance and coordination of budgetary policies and ( ii ) speeding up and clarifying the implementation of the excessive deficit procedure

The report under discussion today is ambitious, perhaps overambitious, and perhaps because of that imperfect because it is the sum of many desires and quite a few aspirations, but it is a good report, a very positive piece of work.

Encouraging States to continue to contribute to the specific efforts deployed within the framework of the International Polar Year with the goal of enhancing the knowledge of the polar regions by strengthening scientific cooperation,

Bundesbank. I therefore find it extremely regrettable that the Bundesbank is occasionally insensitive to the fact that the Germans are equal partners in the development of the European central banking system, no more and no less.

MIRANDA DA SILVA (CG). (PT) Mr President, the interparliamentary conference held in Rome is an event of importance for us, too, since there for the fitst time the national parliaments and the European Parliament were able jointly to discuss the future of the Community and, in particular, the scope of the next inter governmental conferences.

At international level, the growing importance of the Euro area also calls for a strengthening of the relevant co ordination mechanisms such that it speaks with a voice commensurate with its economic and financial weight in the different fora.

The seismic shock of the treaty s rejection by two original EU members cried out for a scapegoat, and the big bang enlargement completed the previous year in which eight post communist countries (along with Cyprus and Malta) joined simultaneously seemed a good place to put the blame.

( iii ) strengthening the role of the Lamfalussy Level 3 committees in pursuing supervisory convergence and cooperation , and enhancing the role of colleges of supervisors in the supervision of cross border groups .

Changes must be made to it and I would ask Mr Ford, who is now present, to promise to make changes so that this report on racism and xenophobia, which we all condemn, is changed into a proper report without any discriminations and one which is worthy of its name.

And what is to be said about personal safety, which our governments are no longer able to vouch for, either in the towns or in public transport, or about health, where the situation could soon get tragically out of hand?

Is the Commission prepared to promote this unfair advantage under the auspices of proposals to create stability and peace in the Gulf?

When referring to the strengthening of checks at the external frontiers, the Commission means in particular that these checks must be conducted in a uniform and coordinated fashion so that any checks carried out by one Member State also protect the interests of the other Member States.

Specific features of the instruments for capital injections , such as preference shares , should be appropriately chosen so that , while encouraging an early end to the State 's capital support of banks , they should not result in an excessive increase in the cost of capital .

The main changes introduced by the Commission to this directive as compated to the current directive, which expires at the end of this year, concern its duration for two years rather than four the ending of the transitional period for Spain and Portugal and the strengthening of certain provisions.

According to your second criterion, the effects of the objectives concerned have to transcend the frontiers. Mr Colombo, an objective does not have any effects.

It goes without saying and the precedent of the Schengen Agreement bears this out that as part of the strengthening of checks at external frontiers use will be made of computerized information exchange systems dealing with aliens who have been declared undesirable,

Aside from the impact of proposed legislative changes, the rising concentration of buyers retailers, the stagnating consumption, the increase in imports, the difficulties experienced on export markets, the strengthening of the position of certain producers in the market have already had consequences on the production structure.

These underlying developments were seen by the markets as improving the prospects for participation in Stage Three of EMU an element which may in turn have played an independent role in accelerating the narrowing of yield differentials , both directly and by further improving the prospects for price and exchange rate stability .

One is the question of what we do about health and safety and I am amazed to see that the amendment moved as No 1 in Mr Donnelly's report, I think, in the second reading was not taken on board in the first reading on health and safety.

In particular , high personal , corporate and capital income taxes reduce the incentive to work , to invest in education and physical capital and to save . As regards the efficiency of financing the public sector via tax policies , the situation is not yet satisfactory

Financial aid from the famous structural funds ought to be directed much more at effective employment. It is time to discontinue were training, in fact occupational therapy, for the longterm unemployed, without arranging for employment to follow on immediately.

The scenes of the night of the 2nd October this year in Berlin, and even more the scenes of the 9th November last year when the wall came down could not leave any democrat or any human being unmoved. But the particular significance of German unification lies in the fact that it happened within the framework of a European unification process and at the same time illustrates the perspectives of a common European house.

13. Requests the Secretary General, pursuant to paragraph 8 of resolution 56 198, to give further consideration to strengthening the Small Island Developing States Unit of the Department of Economic and Social Affairs of the Secretariat, inter alia, through the regularization of the current post of Interregional Adviser for Small Island Developing States at the earliest opportunity, thereby enabling the Unit to assist in the preparations for the comprehensive review of the Programme of Action

We recognise that this rapid change from a command economy to a social market economy is creating major problems, for example for women who are losing the creche facilities they had and the people who are losing the subsidies on food and on housing. This Community needs to play a role in supporting those people, but we also need to urge the Government of Germany to ensure that the social consequences are minimised for those people.