Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-247-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Prevention and correction of macroeconomic imbalances - Implementation of excessive deficit procedure - Requirements for budgetary frameworks of Member States - Budgetary surveillance in euro area - Surveillance of budgetary positions and surveillance and coordination of economic policies - Enforcement measures to correct excessive macroeconomic imbalances in euro area (continuation of debate)2
dcterms:Language	"bg"^^xsd:language2
lpv:document identification number	"en.20110622.18.3-247-000"2
lpv:hasSubsequent	lp_eu:2011-06-22-Speech-3-247-5002
lpv:speaker	lp:Iliana Ivanova2
lpv:spokenAs	substitute; Delegation for relations with the Mercosur countries (2009-09-16--2011-12-19)3 substitute; ECON (2009-07-16--2012-01-18)3 member; CONT (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the People's Republic of China (2009-09-29--2012-12-10)3 vice-chair; Special Committee on the Financial, Economic and Social Crisis (2009-10-15--2011-07-31)3 unknown; Citizens for European Development of Bulgaria (2009-07-14--2012-12-31)3 member; IMCO (2009-07-16--2012-01-18)3 member; EPP (2009-07-14--2012-12-31)3
lpv:translated text	". The lack of suitable instruments for diagnosing public finance problems early, along with the poorly operating mechanisms of the Stability and Growth Pact, are among the basic causes of the long-running crisis which the euro area and EU are going through. This legislative package allows us to take appropriate measures to rectify the imbalances before they have an adverse impact on public finances. They will allow the European Commission to monitor, on an ongoing basis, the macroeconomic development of Member States and, if necessary, an in-depth analysis of national economies will be carried out. This is why the indicators for monitoring macroeconomic development and their thresholds must not be adopted automatically by the Commission, but must be analysed from an economic perspective. When the scoreboard is being produced, it is important that the different initial positions of the Member States are taken into consideration, along with their macroeconomic features, which differ for the countries in the euro area and the remaining countries in the EU. When analysing the indicators’ thresholds, consideration must be given to the catching-up process which new Member States are involved in. This is the only possible way of ensuring that an appropriate analysis of their macroeconomic development is carried out."@en1

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