Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-08-Speech-3-034"

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"en.20100908.3.3-034"2
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". Yesterday, the Ecofin Council made two correct decisions which correspond to views that the majority in Parliament have held for months. The first decision was on the macro-prudential supervision of the financial system, under the European Systemic Risk Board (ESRB), along with the micro-prudential supervision of banks, insurers and pension funds, and control of real estate values. The second decision was on the ‘European Semester’ as a coordination process for European economic policy. As well as analysis of the comparative budgetary development of the Member States, the European Semester should be seen not as an invasion of national budgetary autonomy but as a way of discussing a broader view of the economy. It does this not only from a financial point of view, but especially by encompassing employment and social inclusion policy. We share this broader vision, and would like to see it developed in the next stages of economic governance."@en1

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