Interparliamentary Committee Meeting on the European Semester


Brussels, 28 February 2012

"We have come a very long way over the past two years in completing the Economic and Monetary Union with an appropriate architecture for economic governance. The new structures aim at ensuring that all Member States regard their economic policies as a common concern and contribute to the common objectives of balanced growth, stability, employment and social progress, as provided for by the EU Treaties. "


Statement by Vice-President Rehn at the EurogroupVice


Strasbourg, 14 February 2012

Mr Rehn described the agreement as "an essential step further for Greece and for the euro area as a whole"

Statement on the Alert Mechanism Report Press Conference


Strasbourg, 14 February 2012

The "raison d'être" of this very first Alert Mechanism Report is to tackle risky macroeconomic imbalances throughout the European Union.
The report is essentially a screening device and our main surveillance tool to detect the build-up of potentially risky and damaging macroeconomic imbalances in such areas as competitiveness, export performance, current account, private debt or the housing market."



I want to say once again that the future of Greece is first and foremost in the hands of those who have the political responsibility, in the Government and in the Parliament. The decisions that they will take in the next days and weeks will determine the prospects of the country and its people to put an end to an era of unsustainable public finances and chronic loss of competitiveness.

The euro is here to stay and will !


"The euro is here to stay and will, through the reform of economic governance, emerge stronger from the current crisis. We have laid the foundations of an ever closer economic union, to complement the already strong monetary union. We must now implement it properly. "

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