Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-067"

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"en.20100519.3.3-067"2
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"Today’s debate on economic governance in the European Union is a fundamental discussion, because it concerns the matter of continuing to strengthen European integration. In view of their advanced economic links, Member States should all feel an equal responsibility for a European stabilisation mechanism and for the entire economic situation in Europe. I do not think any of us should be in any doubt that accurate monitoring of public liabilities and expenses coordination of the process of creating budgets and plans for reform in Member States at an early stage and a mechanism for aid in times of crisis are measures which are heading in the right direction. Conscientious implementation of the principles of the Stability and Growth Pact should be a priority. This is a key to ensuring budgetary and macro-economic stability in the European Union. While a set of punishments and the principle of naming and shaming are essential for disciplining Member States in introducing the principles of the pact and essential reforms, I am reserved about financial penalties. For these penalties, used in the case of Member States which are already in a difficult financial situation, could have the opposite effect, an adverse effect on the economies of these countries … Therefore, I would ask that we plan the future of Europe responsibly."@en1
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"(the President interrupted the speaker)"1
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