Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-485-125"

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"en.20110623.37.4-485-125"2
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"The strengthening of economic governance should go hand in hand with reinforcing the democratic legitimacy of European governance. We must make every effort to ensure that we achieve macroeconomic stability and sustainability in public finance. In order to ensure strengthened coordination of Member States’ economic policies and actions, it is necessary to broaden the procedures for coordination and multilateral surveillance. In order to identify expected divergences of the budgetary position from the medium-term budgetary objective, or from the appropriate adjustment path towards it, the Council and the Commission must carry out multilateral surveillance. We must continuously monitor how convergence programmes and the economic policies of Member States with a derogation are implemented in line with convergence programme objectives. I believe that the deadline of five months, to address the deviation from the adjustment path towards the medium-term objective, is sufficient. Moreover, the actions a Member State takes to address the deviation should be strictly controlled."@en1

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