Throwing sand into the wheels of deeper international economic integration in order to reduce adjustment costs, as contemplated by some, is not an attractive option.

There is no exemption for Germany, and we will consider the case, as well as the French case, later.

There was a downward risk presented by the evolution of oil prices and this risk has materialized in the last month.

Upon closer inspection many of the allegedly negative implications of rising international trade and investment for jobs, wages and living standards are belied by the evidence.

We have to develop a market mechanism and to try to diversify our energy sources.

I am optimistic about the economic recovery.

I have asked (commission economists) to give me interim forecasts twice a year as well as the standard forecasts that we get twice a year.

These examples should encourage other countries, such as Greece, France and Portugal, to pursue the efforts to bring their public finances in order.

The European Commission has no legal power to avoid the enacting of some measures on a national level because this is not illegal.