Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-247-875"

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"en.20110622.18.3-247-875"2
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"In March and June 2010, the European Council adopted the Europe 2020 strategy, the main priority of which is enhanced coordination of economic policy strategies in the Member States and, as a long-term goal, sustainable and inclusive growth and sustainable employment. Since economic governance regards public debt as equivalent to a deficit, we should make every effort to ensure that the medium-term budgetary framework which is put in place helps to reduce the burden on future generations. In doing so, we must use the experience gained during the first decade of functioning of the Economic and Monetary Union. Requirements pertaining to the rules and procedures that form the budgetary framework urgently need to be standardised, in order to ensure similar social protection benefits and to fight social exclusion. In view of the high level of interdependence between the budgets of the Member States and the EU budget, budgetary forecasts at both levels should be characterised by the same degree of transparency. This is why it is so important for an agreement to be in place between the Commission and each Member State as regards the scope of forecasts and forecasting methods. Cooperation of this kind would make it possible to avoid contradictory macrobudgetary scenarios and to increase the credibility of forecasts using for planning."@en1

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