Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-905"
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"en.20100616.24.3-905"2
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"In order to get out of the financial crisis, Europe needs an ambitious large-scale reform of its economic governance. The European Parliament stresses the need to rely, on the one hand, on more use of the Community method rather than the strengthening of intergovernmentalism and, on the other, on operational measures instead of simple open coordination and peer monitoring, a method that has led to the failure of the Lisbon Strategy. The strategy recommended by a large parliamentary majority rests on five pillars: a more proactive Stability and Growth Pact; real economic governance led by the Commission; an acceleration of the transition towards a sustainable economy, based on the Monti report and on a European programme for investment in the infrastructures of central and southern Europe; new permanent instruments – the European Monetary Fund and the European corporate bond market – in order to be better prepared for future crises; a better calibrated EU 2020 strategy, with sanctions and incentives for its proper implementation."@en1
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