Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-449-750"
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"en.20110623.37.4-449-750"2
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"−
This report, drafted by Mrs Ford, is on the legislative proposal for amending Council Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure, which is part of the economic governance package, adopted by the Commission on 29 September 2010, seeking to ‘anchor macroeconomic stability and the sustainability of public finances’ so as to make the EU more robust and sustainable. The current economic and financial situation of various EU countries demonstrates the failure of the Stability and Growth Pact. It is not enough to control the public deficit. There is also a need to avoid public and private debt. It is now also becoming necessary to introduce mechanisms that improve competitiveness and restore public finances. The Member States will be prevented from taking on excessive deficits. The measures for coordination and surveillance that ensure respect for budgetary discipline will be reinforced. I voted for this proposal for a legislative amendment, since I believe it is crucial for the recovery of public confidence in the institutions and for sustainable growth in the EU that these measures be implemented as soon as possible."@en1
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