Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-486-000"

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"en.20110623.37.4-486-000"2
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". I have voted against as this report tries to solve the public deficit exclusively through adjustments in public spending. Specifically, a medium-term objective of gross domestic product growth (GDP) is introduced. This will be strictly controlled by the Commission. In fact, extra powers are granted to the European Commission including the ability to automatically sanction Member States of the euro area unless the Council decides against this by qualified majority. This report implies that fiscal consolidation is prioritised over the long term sustainability objectives and the European Union’s objectives of job creation, combating poverty and social cohesion. It is the tough part of the package. It tries to put all the emphasis on the application of adjustments and austerity mechanisms, excluding the use of counter-cyclical mechanisms. Furthermore, it lacks the incentives to achieve the medium-term growth objectives and it focuses exclusively on the system of sanctions."@en1

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