Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-529"

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"en.20101020.21.3-529"2
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"It is with satisfaction and a sense of responsibility that I am voting in favour of the recommendations to improve EU economic governance suggested in this report. Given that the EU is facing fierce competition from emerging economies and that the stability of public finances is vital for consolidating opportunities, fostering innovation and stimulating economic growth, which are fundamental elements of a European knowledge-based society, and considering that economic growth and sustainable public finances are a precondition for economic and social stability in the EU and for long-term fiscal consolidation, the current rules of the Stability and Growth Pact combined with their poor implementation have proved insufficient to ensure sound macro-economic and budgetary policies. It is therefore important to support a more rigorous application of preventive measures and sanctions, as well as encouraging improved monitoring and economic governance through more accurate and comparable statistics on the policies and economic positions of the Member States, particularly in the euro area."@en1

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