Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-887"

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"en.20101123.33.2-887"2
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"I voted in favour of the resolution by Parliament as I agree that the financial crisis in some countries within the euro area is a serious matter and reflects a certain dysfunction of the euro area, and because I believe that this shows the need for reform and for stronger coordination between the various economic policies. I also agree with the call for the unrestricted and more coherent application of the Stability and Growth Pact, as I believe that the pact should be complemented by the development of an early warning system to detect possible inconsistencies, such as in the form of a ‘European semester’, in order not only to enhance surveillance and economic policy coordination so as to ensure fiscal consolidation, but – beyond the budgetary dimension – to address other macro-economic imbalances and strengthen enforcement procedures. The monetary union needs strong and enhanced coordination of economic policies to be robust. I would like to call upon the Commission to put forward proposals to strengthen the Stability and Growth Pact by including specific targets for closing the competitiveness gap between European economies in order to stimulate job-creating growth."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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