Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-055-000"

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"Mr President, we are moving into a new era of economic governance. The European Semester offers a structure into which the existing tools of the Integrated Guidelines, provided for under Articles 121 and 148 of the Treaty, should be incorporated, with the strong involvement of Parliament. Looking wider, it is in the Semester that monitoring of the Stability and Growth Pact and macroeconomic surveillance can join up with the Europe 2020 Strategy and the Integrated Guidelines. This means that the Semester can provide a coherent framework for the various economic governance processes in the Union in a mutually enhancing fashion. More broadly, the Committee on Economic and Monetary Affairs emphasises that economic governance must be based on the Community method. Processes must be transparent and accountable if they are to connect with, and have the support of, citizens. This mandates the involvement of Parliament. Where Parliament already has been given a role, it must have the time required to fulfil its democratic mandate. The Committee on Economic and Monetary Affairs stands shoulder to shoulder with the Committee on Employment and Social Affairs in pursuing that demand."@en1
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