Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-505-687"
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"en.20110623.37.4-505-687"2
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"As a result of the global economic crisis and the instability that continues to plague the euro area, the Commission proposed a number of legislative initiatives, cumulatively known as the Economic Governance Package. The Package aims to address the deficiencies in the system of economic governance currently in place at EU level. It in order to avoid a repetition of the crises currently inflicting the euro area it is vital that countries exercise fiscal discipline. Being part of the euro area has been instrumental for most Member States in weathering the adverse effects of the crisis; nevertheless forming part of this group also entails responsibilities as the potential default of one Member State will see a wave of negative effects across the entire area. For this reason, ensuring prudent fiscal policy-making is key. I am in favour of a strong European Economic Governance Package and have thus decided to vote in favour of the six dossiers as amended."@en1
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