1. Based on assessments by the Commission and the Economic and Financial Committee, the Council shall, within the framework of multilateral surveillance under Article 121 TFEU, examine the medium-term budgetary objectives presented by the Member States concerned in their stability programmes, assess whether the economic assumptions on which the programme is based are plausible, whether the adjustment path towards the medium-term budgetary objective is appropriate, including consideration of the accompanying path for debt ratio and whether the measures being taken or proposed to respect that adjustment path are sufficient to achieve the m ...[+++]edium-term budgetary objective over the cycle.

1. Based on assessments by the Commission and the Economic and Financial Committee, the Council shall, within the framework of multilateral surveillance under Article 121 of the Treaty, examine the medium-term budgetary objectives presented by the Member States concerned, assess whether the economic assumptions on which the programme is based are plausible, whether the adjustment path towards the medium-term budgetary objective is appropriate and whether the measures being taken or proposed to respect that adjustment path are sufficient to achieve the medium-term budgetary objective over the cycle.

1. Based on assessments by the Commission and the Economic and Financial Committee, the Council shall, within the framework of multilateral surveillance under Article 121 TFEU, examine the medium-term budgetary objectives presented by the Member States concerned in their convergence programmes, assess whether the economic assumptions on which the programme is based are plausible, whether the adjustment path towards the medium-term budgetary objective is appropriate, including consideration of the accompanying path for the debt ratio, and whether the measures being taken and/or proposed to respect that adjustment path are sufficient to ac ...[+++]hieve the medium-term budgetary objective over the cycle and to achieve sustained convergence.

In terms of the oil issue, I think one has to clearly separate the very short term, when it is absolutely impossible to add to capacity and where it is very difficult to make adjustments to reduce consumption, from the medium term, where indeed capacity can be added to and where consumption adjustment or utilization adjustments can be made.

``146.9 In determining whether the operation of a main line or a segment thereof is required in the public interest, the Agency shall consider all matters that in its opinion are relevant to the public interest, including, without limiting the generality of the foregoing (a) the actual losses, if any, that have been incurred by the railway company in the operation of the main line or segment; (b) the alternative transportation facilities available or likely to be available in the area served by the main line or segment, including those proposed to be made available by the applicant, and the ability of those facilities to meet the needs of shippers located in that area; (c) the extent to which the applicant would be prepared to provide and ...[+++] support alternative transportation facilities in lieu of operating the main line or segment; (d) whether it would be more economical to use alternative transportation facilities in the area served by the main line or segment; (e) the period of time reasonably required for the purpose of adjusting any facilities that are wholly or partly dependent on the services provided by the main line or segment with the least disruption to the economy of the area served thereby; (f) the probable effect on other lines and other carriers and on the transportation system generally of the abandonment, on different dates, of the operation of the main line or segment; (g) the economic effect of the abandonment of the operation of the main line or segment on the communities and area served by the branch line; (h) the feasibility of maintaining the main line or segment as an operating line by changes in the method of operation through the interconnection with other lines of the company; (i) the feasibility of maintaining the main line or segment as an operating line, either jointly with or as part of the system of another company, by the sale or lease of the line or segment to another company or by the exchange of operating or running rights be ...

Between $80 and $100 million. In tough times, at a time when they have to adjust to the new rules imposed by the recent World Trade Organization agreement, to the opening of the borders and to stronger competition, at a time when they have to consolidate their industry to be more competitive in a global trade environment, the government is depriving them of $100 million, and we are supposed to think that this is a good budget.