Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-281-125"
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"en.20110928.19.3-281-125"2
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"The EU economic governance framework needs to be improved, particularly as regards the strengthening of budgetary surveillance, in line with the high level of integration that has been achieved between the economies of the EU Member States, and especially in the euro area. Taking into account systemic pension reforms among the relevant factors, the central consideration should be whether these reforms will enhance the long-term sustainability of the overall pension system, while not increasing risks for the medium-term budgetary position. In order to facilitate compliance with the recommendations and warnings issued by the Council in relation to the correction of excessive deficit situations, there is a need that these specify annual budgetary targets consistent with the required fiscal improvement in cyclically adjusted terms, net of one-off and temporary measures. In this context, the 0.5% of gross domestic product annual benchmark should be understood as an annual average basis."@en1
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