Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-091"

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"en.20101020.3.3-091"2
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"The current economic crisis proves that the economic governance model currently used in the EU has not worked sufficiently well, thereby failing to achieve full convergence between Member States. This situation requires an improvement in the economic framework and the development of ambitious monitoring instruments which are more clearly defined and better targeted. It is vital for Member States to abide by the regulations and decisions stipulated at European level, especially those relating to the Stability and Growth Pact. With this in mind, I wish to welcome the initiative tabled by Mr Feio, intended to encourage such actions as devising more controls and monitoring more closely trends in public debt and revenue. I would like to end by adding that the Romanian Government recently adopted its fiscal budgetary strategy for 2011-2013, which includes the measures required to restore the budget deficit to under 3% and maintain debt below the 60% mark. This reform process will create the conditions required for economic recovery."@en1

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