Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-460-250"

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"en.20110623.37.4-460-250"2
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"− I voted for this report because I agree that the Council should be able, after debating a Commission recommendation, to impose a fine on any Member State that distorts, whether intentionally or through grave negligence, figures relating to the deficit and public debt relevant to the application of Articles 121 and 126 of the Treaty, and to the Protocol (No 12) annexed to the Treaty. I also agree that the aforementioned fines should act as an effective deterrent and should be proportional to the nature, seriousness and duration of the offence. I agree that it should not be possible for the fine to exceed 0.2% of gross domestic product. The interest earned by the Commission on deposits lodged in accordance with Article 4 and the fines collected in accordance with Article 5 and 6a should constitute other revenue referred to in Article 311 of the Treaty, and will be allocated to the European Financial Stability Facility."@en1

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