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Members of European Parliament do not exclude the debt restructuring of Greece

22 March 2011 / 21:03:22  GRReporter
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Wolf Klintz presented the three priorities within the European Union that Greece should also take into account to ensure a stable development environment. First, more serious preventive measures should be taken to prevent capital and deposits outflow from the Union. The next proposal is that the budgets of the member countries should be verified on the level of planning so as to determine how much the states move in parallel in economic terms. Third is the introduction of the euro pact, which will apply mainly to the countries in the monetary union and will ensure the stability of the currency.

The Member of the European Parliament stressed that the aim of the pact would not be to reduce the living standards or the wages of the people, but to increase the competitiveness of the countries in the euro zone. "Actually, the most competitive countries in Europe are the countries with the highest salaries. Take for example Sweden, Denmark, Austria and the Netherlands. The aim of the pact is to assess whether the level of wages reflects the productivity of the country," he said.

Tags: EconomyMarketsFinancial Economic and Social Crisis CommitteeGreeceForeign debt
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