In this respect, we support the Commission’s intention to initiate excessive deficit procedures for several countries. This is crucial to preserve the credibility of the EU fiscal surveillance framework. It is important that clear deadlines are set for correction of the excessive deficits and that consolidation plans are based on firm and well-specified structural measures.
As regards structural policies, it remains important to pursue economic policies in line with the principle of an open market economy with free competition. In this respect, it is essential that government support measures do not distort competition and delay necessary structural adjustment, and it is of the utmost importance to avoid protectionist measures.