Sat, Feb 11 2012

European Parliament sets up special committee on economic crisis

Thu, Oct 08 2009 10:48 CET

byThe Sofia Echo Staff

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European Parliament sets up special committee on economic crisis

European Parliament President Jerzy Buzek.

Members of the European Parliament agreed on October 7 2009 to set up a special committee on the financial and economic crisis with 45 members and a 12-month term of office

The special committee will assess the extent and impact of the crisis on European Union member states and propose measures to rebuild stable financial markets.

European Parliament President Jerzy Buzek said: "We should learn the lessons from this economic and financial crisis so as to ensure that it is not repeated. Members of the European Parliament must assess the effectiveness of measures taken by the EU and member states to alleviate the financial crisis.  This new European Parliament committee will serve as an important forum for this".

The European Parliament was scheduled to vote on October 8 on nominations to this committee, the day that the committee's term of office starts.

The committee's findings will be presented in two reports: the first after six months and the second, at the end of its term of office, to include recommendations for action.

The committee will hold hearings with experts, social partners, and representatives of industry, governments, and national parliaments, and will contribute opinions to the legislative work of the European Parliament's standing committees.



 

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