The PSOE will support the ratification of the European fiscal pact
The PSOE has announced its intention to vote for the ratification of the European fiscal pact is discussed next week at the Congress of Deputies, but present a parallel amendment to put in place a policy of growth and employment the European Union.
This has been explained at a press conference today at the headquarters of Ferraz Deputy Secretary General of the PSOE, Elena Valenciano, for whom the election of socialist François Hollande as president of France and the need for German Chancellor Angela Merkel, to have the Social Democrats in particular policies “opens a window of opportunity” for a growth strategy that complements the austerity.
The fiscal pact, agreed in late January in Brussels and will enter into force on January 1, 2013 if 12 members of the eurozone countries have ratified the document, it will force 25 EU Member States to maintain the annual structural deficit below 0.5% of GDP.
The pact allows, however, to deviate from these countries MTO or the adjustment, but only in exceptional circumstances as a “severe downturn” and only states with a substantial debt below 60% of GDP may reach a structural deficit to 1.0% of GDP.
The amendment seeks to further the socialist Spanish government urging to maintain a European policy for growth and employment generation complementary to that of budgetary stability.
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