Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-041-000"
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"en.20110405.3.2-041-000"2
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"Madam President, the Council deems centralised regulation of national budgetary agendas essential to aid economic recovery – in particular, the proposal of multiannual consolidation plans addressing deficit, revenue and expenditure targets to be reached within stipulated time-frames with associated penalties if obligations are not met.
The UK deficit is largely structural and must be addressed internally. I greatly oppose any involvement from Brussels in my country’s affairs, considering the mess made in Greece and Ireland, which are likely to need further bail-outs. Portugal would rather turn to Brazil, suggesting Lisbon’s reluctance to become an economic protectorate with austerity measures that stifle growth.
The Council states consolidation should be frontloaded in Member States with large deficits. What would stop migration of citizens to stronger economies in the Union under laws of the EU’s own creation?
The Council suggests reducing the regulatory burden. Does this encompass legislation for which Europe has been the architect for decades, such as the Working Time Directive and extended maternity pay?
Decentralised and less-stifled markets are vital for economic welfare, not punitive regulatory measures."@en1
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