Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-427-000"

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"en.20110623.37.4-427-000"2
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"I voted in favour. This report seeks to include prevention and correction mechanisms for Member States when they are facing fiscal imbalances. The prevention side includes mechanisms such as an annual review of fiscal balances, early warning mechanisms from the European Commission and prevention recommendations to address minor imbalances. As a corrective measure, a procedure to deal with excessive imbalances will be introduced, namely the excessive imbalance procedure (EIP) and also the requirement to submit specific action plans by Member States. I have voted in favour of this report mainly because it includes the economic imbalances in the Stability and Growth Pact, the Europe 2020 strategy and the European semester. In other words the real economy is integrated into the procedures of economic control and coordination. In addition, a series of indicators to determine economic imbalances are included and also, in the interests of consistency, recommendations and indicators such as, for example, investment in research and development and the energy sector."@en1

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