And in line with a European Commission demand, he insists that both party leaders should sign a letter of commitment to the new bail-out terms.

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She said ministers had not "honoured either the spirit or the letter" of its commitment.

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As a demonstration of this commitment, the Minister delivered a letter of intent to the UNESCO representative present, Ms Victoria Uranga, regarding the UNESCO Paris OER Declaration, which was approved in Paris in June.

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The letter contained several reassurances of the island's commitment to tax transparency.

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"The home secretary has made an unequivocal commitment to full disclosure, echoing the words of the Prime Minister in his letter to me, " he said.

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The letter echoes remarks made by the president Monday, stressing that an increase of the borrowing limit is not a commitment for additional spending, but merely an authorization for the Treasury to raise enough money to pay for programs already approved by Congress.

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