Securency offered full cooperation to the AFP, as did NPA when the AFP inquiry was subsequently widened to include possible wrongdoing at NPA. In July 2009, with the AFP’s agreement, the Board of Securency approached KPMG and asked them to conduct an independent investigation of Securency’s policies and procedures regarding agents.
Some countries have limited fiscal space which can be used to boost their long-term growth potential. Most of them do not have that space, and they should not jeopardise the credibility of our common fiscal framework. Finally, all countries should act together in order to improve the productivity of the euro area economies, which is lagging behind that of the US.