Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-017"
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"en.20101020.3.3-017"2
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"Mr President, ladies and gentlemen, we all acknowledge that monitoring of the short- and long-term macro-economic variables in the European Union has failed, not least regarding budgetary frameworks and accumulated national debt. The crisis has made all the more pressing the need to strengthen the single market, taking into account the proposals of Mr Monti and Mr Grech. It is essential to develop
commerce and transnational trade, simplify online payment procedures, standardise products and services, and harmonise fiscal instruments, so as to reinforce consumer confidence and boost the economy.
The Union must emerge from the crisis in a way that is sustainable, guaranteeing robust growth and responsible budgets, but also employment objectives. It should be mandatory for indicators such as the unemployment rate and the rate of employment among the active population to be part of the oversight system.
The indicators that will measure the progress of the 2020 strategy cannot be forgotten either. The feasibility study on issuing joint Eurobonds could constitute an opportunity to examine in greater detail financial instruments for defending against speculation, and to put them into practice.
We would like it if this could be more than just a study. The creation of the European Monetary Fund deserves our support and we see it not as simply a disciplinary instrument but, above all, as a means of reducing the speculative manipulation of the sovereign debt markets. Our cooperation with the rapporteur, Mr Feio, has been profitable and has made it possible to achieve a text that is comprehensive, balanced and rich."@en1
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