Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-430-500"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20110623.37.4-430-500"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"−
The economic and financial crisis has exposed and reinforced the need for coordination and improved surveillance of economic policies within the economic and monetary union. These recent experiences have also revealed failings and shortcomings in the current system of coordination and in existing surveillance procedures. The crisis has dramatically reversed the favourable conditions in which the economic and financial sector operated until 2007, and the majority of Member States need to undergo a process of consolidating their accounts to reduce public debt. For the majority of countries, debt reduction is a crucial issue, given the negative effects that it has on economic incentives, and on the growth of the economy thanks to increased taxes and risk premiums. This report argues that the Commission and the Council should undertake a balanced comprehensive assessment of all the relevant factors, especially of the extent to which they affect, as aggravating or attenuating circumstances, the assessment of compliance with the deficit and/or debt criteria. The Council will demand that the Member State meet its annual budgetary targets, which will enable a minimum of a 0.5% increase in gross domestic product per year. For the above reasons, I voted for this report."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples