Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-421-000"

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"en.20110623.37.4-421-000"2
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". This proposal for a regulation of the European Parliament and of the Council on the prevention and correction of macroeconomic imbalances intends to improve the Commission’s proposals on creating a powerful instrument where fiscal discipline, economic growth and employment in the EU are interconnected and make a crucial contribution to the stability of the European Union and the euro, with the aim of avoiding future financial crises like the current one. This regulation is intended to be a standard instrument for preventing macroeconomic imbalances which may occur as a result of economic disparities between EU Member States and of individual policies implemented nationally. It should be noted that this report is drafted on the basis of prior experience within the EU on the functioning of the economic and monetary union, which identifies the need for an enhanced economic governance framework, as is proposed in this report."@en1

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