Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-463-000"
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"en.20110623.37.4-463-000"2
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"In June 2010 the European Council agreed that it was urgently necessary to strengthen the coordination of our economic policies. This agreement included above all the Growth and Stability Pact (GSP) and budgetary surveillance. This mainly involved strengthening the preventive and corrective parts of the GSP, and ensuring that all Member States had national budgetary rules and a medium-term budgetary framework that were in line with the GSP. The Member States using the euro as their currency have a particular interest in and responsibility for implementing economic policies that support the proper functioning of economic and monetary union, and for not applying policies that threaten it. The sanctions for Member States using the euro as their currency should, in the preventive part of the GSP, provide a stimulus for the prudent drafting of fiscal policy. At the same time, it also leaves room for budgetary manoeuvring, taking account above all of the importance of public investments."@en1
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