Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-453-250"

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"en.20110623.37.4-453-250"2
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". I welcomed this document, because the economic governance package is aimed at responding to the need for greater coordination and closer surveillance of economic policies in the economic and monetary union. Furthermore, requirements are proposed for the budgetary frameworks of the Member States to encourage fiscal responsibility by setting minimum requirements for national fiscal frameworks and ensuring that they are in line with Treaty obligations. To back up the changes in the preventive and corrective arms of the Stability and Growth Pact, the Commission also proposed strengthening the enforcement mechanisms for the euro area Member States. In general, I welcome the proposals put forward to ensure improvements in national fiscal frameworks and to encourage Member States to make better fiscal decisions in the future. In particular, proposals for improved statistical reporting of fiscal data are required in order to avoid a repeat of recent experiences in some Member States. Likewise, proposals for independent budgetary offices, national fiscal rules, and mandatory multi-year budgeting should also help provide greater fiscal stability."@en1

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