Bowles hails 'six pack' ahead of crucial vote
Wednesday 28 September 2011 - by Andrew Hickley
The chair of the European Parliament's economics committee has hailed the EU's revised 'six pack' of governance measures as the first step in building long-term solutions to deal with the eurozone crisis.
"Without this first step, any hope of building the long-term solutions for the eurozone would have been lost."
Wednesday's plenary session vote is expected to approve the package. It has support from the parliament's largest party, the European People's Party, and Bowles' group, the third largest in the assembly, the Alliance of Liberals and Democrats for Europe.
"There is still a long way to go and it is easy to sit on the sidelines and cast gloom and doom over the future of the euro but passing this legislation today is the first signal that European politicians are at last grasping the nettle and taking responsibility for difficult decisions," Bowles added.
Commission president José Manuel Barroso last week expressed his delight after a meeting between parliament, council and commission officials finally agreed on the measures.
If the package is approved at the Strasbourg plenary session, it will be ratified by EU finance ministers on 4 October.
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