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10/28/05

The Times & The Sunday Times: EU leaders approve reform proposals

The Times & The Sunday Times, Malta

EU leaders approve reform proposals

European Union leaders yesterday cautiously approved a set of reform proposals by the European Commission including a fund to help those who lost their job as a result of globalisation. A number of EU leaders, however, were openly sceptical about the need for such a fund. The leaders of Germany, Sweden, The Netherlands, Denmark and Estonia pointed out that existing structural and other European funds already help those affected by globalisation. Prime Minister Lawrence Gonzi said there was support among all the EU leaders for economic reform and for better regulations to encourage economic growth. "We should not be scared of globalisation," Dr Gonzi told Maltese journalists at the end of the summit.

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