The project approved today is known as "Attosecond Light Pulse Source (ALPS) of the Extreme Light Infrastructure (ELI)", ELI-ALPS. It will focus on the generation and application of super-short (“attosecond-range”) laser pulses with very high repetition rates.

4. Considers that the recent events show that the Euro zone is in need of bolder economic governance and that a monetary pillar without a social and economic pillar is doomed to fail; considers it essential for the Union to reinforce its system of economic governance in order to ensure the implementation of the EU2020 strategy (restore and to safeguard long-term economic growth rates), to prevent a repetition of the current crisis and to safeguard the European project;

4. Considers that the recent events show that the Euro zone is in need of bolder economic governance and that a monetary pillar without a social and economic pillar is doomed to fail; considers it essential for the Union to reinforce its system of economic governance in order to ensure the implementation of the EU2020 strategy (restore and to safeguard long-term economic growth rates), to prevent a repetition of the current crisis and to safeguard the European project;

4. Considers that the recent events show that the Euro zone is in need of bolder economic governance and that a monetary pillar without a social and economic pillar is doomed to fail; considers it essential for the Union to reinforce its system of economic governance in order to ensure the implementation of the EU2020 strategy (restore and to safeguard long-term economic growth rates), to prevent a repetition of the current crisis and to safeguard the European project;

5. Insists that sound fiscal policy is a pre-condition for sustained growth and job creation since low budget deficits and government debt foster low and stable inflationary expectations and help maintain low interest rates; warns against repeating the policy mistakes of 1999-2001; calls, therefore, for the current upswing to be used in two ways in order to achieve the following: the elimination of deficits and the accumulation of surpluses, which would reduce debt levels, and the improvement of the quality of public finance by investing more in education, vocational training, infrastructure, and research and innovation, which would as ...[+++]sist in helping to meet the challenges posed by an ageing population; welcomes in this respect the fact that on 20 April 2007 the Eurogroup adopted orientations for fiscal policies in eurozone Member States, recalling the commitment to actively consolidate public finances in good times and to use unexpected extra revenues for deficit and debt reduction;

4. Insists that sound fiscal policy is a pre-condition for sustained growth and job creation since low budget deficits and government debt foster low and stable inflationary expectations and help maintain low interest rates; warns against repeating the policy mistakes of 1999-2001; calls, therefore, for the current upswing to be used in two ways in order to achieve the following: to eliminate deficits and accumulate surpluses, which would reduce debt levels as well as to improve the quality of public finance by investing more in education, vocational training, infrastructure, and research and innovation, which would assist in helping t ...[+++]o meet the challenges posed by an ageing population; welcomes in this respect the fact that on 20 April 2007, the Eurogroup adopted orientations for fiscal policies in euro area Member States, recalling the commitment to actively consolidate public finances in good times and to use unexpected extra revenues for deficit and debt reduction;