Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-155-000"

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"Mr President, ladies and gentlemen, it is important for the Stability and Growth Pact and the complete economic governance framework to support and be compatible with EU strategies for growth and jobs, with the aim of increasing competitiveness and social stability. We therefore need to introduce penalties for punishing fraud, pay the fines into a central fund for the permanent crisis mechanism and regulate the financial markets more. Ultimately I believe that the austerity measures being discussed today are in danger of weakening social justice policies. This is not the case with the Ferreira report, which I endorsed and which includes some valuable points in relation to social balance. It is the rest of the package that is wrong, because it focuses solely and exclusively on rigour and austerity and fails to promote growth. Europe will have a future only if we are able to marry fiscal discipline with the objectives of development, growth and employment."@en1
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