Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-459-500"

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"en.20110623.37.4-459-500"2
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"Current events show that the European Stability and Growth Pact is not very efficient and has failed to prevent several Member States from encountering serious problems in their balance of payments and in paying off their debt. In addition to the aid provided to these countries by the EU, the institutions are therefore working to strengthen the Stability and Growth Pact in order to avoid crises of this kind in the future. That is the objective of the economic governance package, of which this report by my fellow Member Mrs Goulard is a part. The report deals with budgetary surveillance in the euro area. Some of Mrs Goulard’s initial proposals, the creation of a European Monetary Fund in particular, were not retained during the trialogues. I believe that the balance achieved by the Commission and the Council on this report is satisfactory, and I therefore supported it, just as I support the economic governance packaged as a whole."@en1

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