Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-552"
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"en.20101020.21.3-552"2
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"The current economic, financial and social crisis has demonstrated that the European Union’s economic governance model has not worked as well as would be ideal. Therefore, it is necessary to find solutions for better and more efficient economic governance in Europe so as to prevent the already serious effects of the crisis from getting worse.
In this context, the rapporteur recommends that the European Commission establish a coherent framework for economic surveillance, strengthen the rules of the Stability and Growth Pact and economic governance in the euro area, and review the EU budgetary, financial and fiscal instruments.
Moreover, it is also proposed to establish a robust and credible excessive debt prevention and resolution mechanism for the euro area. Finally, it is suggested improving the reliability of EU statistics as well as the external representation of the Union in the area of economic and monetary affairs.
Subsequently, it is necessary for the Member States to fully respect the rules and decisions of the European Union. I would also stress the importance of aligning the reform with the goals of the Europe 2020 strategy, not least in the sense of strengthening the internal market and the role of small and medium-sized enterprises as essential motors for economic growth.
I am voting for the report for the reasons given above."@en1
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