Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-460-750"
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"en.20110623.37.4-460-750"2
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"−
This report, drafted by Mrs Goulard, is on the legislative proposal for amending Council Regulation (EC) No 1467/97, on budgetary surveillance in the euro area, 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 has not managed 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 see the coordination and surveillance mechanisms reinforced in order to prevent any serious errors from being made with their budgetary policy that could threaten economic and monetary union. Since I believe there is a need for rapid, quality solutions in line with the recommendations of the European Central Bank, I voted for this proposal for a legislative amendment, which, in addition to encouraging interinstitutional dialogue, strengthens budgetary discipline and obliges each Member State or institution to accept its responsibilities."@en1
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