While the most immediate impact on growth and jobs in the short run needs to come from a monetary and fiscal stimulus, a comprehensive recovery plan also needs to encompass an ambitious structural reform agenda tailored to the needs of individual Member States, and designed to equip them to emerge stronger from the crisis. In part, this is because some structural reforms can also contribute to bolstering aggregate demand in the short term.

The FCFA believes it is futile to require that demand be over a specific percentage when the Federal Court has already determined based on the evidence submitted that the demand for service in French in the Amherst area was far in excess of 5 per cent of the annual overall demand.

These suggestions should not be seen as an overall demand for a widening of the scope of Annex I and II. Several respondents to the questionnaire saw no case for adding new project types to Annexes I and II at this stage, seeing it as premature as the amendments are themselves only recent.

The pressure on global demand for natural gas, the export capacities of producer countries (Algeria, Russia, Norway, Netherlands) as well as new producers (such as countries in the Middle East), the gradual exhaustion of hydrocarbon reserves, the relative upward trend in prices, the difficulties encountered in implementing nuclear programmes, and the environmental challenge of using coal are all factors that influence the European Union's conditions of supply.

Whereas a satisfactory balance between supply and demand in world shipbuilding has still not been fully established, so that prices remain depressed; whereas the competitive pressures on Community shipbuilders are expected to grow further as overall ship demand after the year 2000 is predicted to fall and available world shipbuilding capacity is expected to continue to rise;

Similarly, if the bank were to deploy either quantitative easing or credit easing, it would act in a deliberate fashion based on the following principles: First, the focus of these operations would be to improve overall financial conditions in order to support aggregate demand and achieve the inflation target; Second, asset purchases would be concentrated in maturity ranges in order to have the maximum impact on the economy; Third, actions would be taken in as broad and neutral a manner as possible; Fourth, the bank would act prudently, mitigating the risks to its balance sheet and managing its ultimate exit from such strategies at an ...[+++] appropriately measured pace.