Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-528"

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"en.20101020.21.3-528"2
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"The issue of economic governance at European Union level is a tricky matter and the reticence shown by some of its Member States with regard to new transfers of sovereignty are understandable. The crisis in Greece has highlighted the limitations of the current intervention mechanisms, not to mention the inadequacy of the instruments required to enforce compliance with the convergence criteria, especially in the countries belonging to the euro area. Establishing a coherent, transparent framework supporting the multilateral monitoring of macro-economic trends in the European Union and Member States, along with consolidating fiscal supervision, as proposed within the document, marks a step forward in the right direction, even though it may entail a partial amendment to the Constitutional Treaty. Overall, the recommendations in this document are important and address real issues, offering relevant solutions. This is why I voted in favour of adopting the document."@en1

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