Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-09-Speech-4-086"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2005-06-09"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20050609.22.4-086"2
lpv:hasSubsequent	lp_eu:2005-06-09-Speech-4-0872
lpv:speaker	lp:José Albino Silva Peneda2
lpv:spokenAs	substitute; BUDG (2004-07-22--2007-01-14)3 member; EPP-ED (2004-07-20--2009-07-13)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (including Libya) (2004-09-15--2007-03-13)3 member; EMPL (2004-07-21--2007-01-14)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2004-10-12--2009-07-13)3 unknown; Coligaçao Força Portugal (PPD/PSD.CDS-PP) (2004-07-20--2007-11-22)3 substitute; Delegation for relations with the countries of Central America (2004-10-12--2007-03-13)3
lpv:translated text	". In March 2005, the Council carried out a review of the Stability and Growth Pact (SGP), with a view to making it a more flexible and streamlined instrument. The Council opted to place the emphasis more firmly on the ‘G’ of Growth than the ‘S’ of Stability, in light of the current economic recession that the EU is experiencing. The SGP thus became more politicised. This review fell short of what was required, however, for a number of reasons, of which I shall highlight two. Firstly, reform was only needed because some Member States chose, consciously or otherwise, not to observe its rules. Worse still, the EU laid down rules that, quite apart from not being implemented, led to a lax and scarcely credible sanctions process. The Member States are both the judge and the defendant, and would rather fail to implement the SGP than impose sanctions on one of their peers. Being responsible for monitoring the process, the Commission must be granted powers to impose sanctions in the event of non-compliance. Secondly, any sanction must act as a deterrent and not solely as a punishment. Imposing a non-compliance fine on a Member State with budget difficulties is counterproductive. Other sanctions should be put in place, such as suspending ECOFIN voting rights."@en1

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