Economic governance "two pack":

Type: News   Reference: 91649   Duration: 00:02:12  Lieu: Brussels, Belgium - European Parliament
End production: 20/02/2013   First transmission: 20/02/2013
- statements by the rapporteurs EP Committee on Economic and Monetary Affairs

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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00:00:00 Title 00:00:05
00:00:05 Exterior shot of the European Parliament, Brussels, Belgium (1 shot) 00:00:05
00:00:10 SOUNDBITE (English): Elisa FERREIRA (S&D, PT), rapporteur of the 2-pack: The main target that I tried to reach was to compensate this with some more long term elements, so what we asked the COM and finally we got it is that when you control budgets at each Member states level that you don't forge, that you have got to address how to manage the stock of debt these countries have. And this is the reason why think one of the very important elements is the organisation of a 'wise men' group that will be established in 2-3 months and that will produce a careful and detailed analysis of how to organise or to create a redemption fund, Euro bills so the common emission of sovereign debt in order to stabilize the way in which countries can get rid of all the debt that they have on their back. 00:01:00
00:01:10 SOUNDBITE (English): Elisa FERREIRA (S&D, PT), rapporteur of the 2-pack: One new impetuous that is given by Parliament to the Commission, to combat tax fraud and tax evasion and our demand that the Commission will organise some financial support for countries that have to do big, mayor structural reforms in order that they have their financial possibility to address this simplified and facilitated, so some financial support for specific measures that countries are asked to do and that some times are extremely costly. 00:00:39
00:01:49 SOUNDBITE (French): Jean-Paul GAUZÈS, (EPP, FR), rapporteur of the 2-pack: I did actually achieve that in the text is noted down that Commission should take actions when a country is close to a bankruptcy and if we would have had that instrument before the financial crisis of Greece came up, the situation in Greece would have been handled in a more intelligent way and also less costly for the Greek authorities and on the other hand for the Greek public. 00:00:23
00:02:12 END 00:00:00
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