Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-217-125"
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"en.20110928.19.3-217-125"2
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"−
The coordination of the Member States’ economic policies, in line with the Treaty on the Functioning of the European Union, involves observance of the following guiding principles: stable prices, robust public finances and monetary conditions, and a sustainable balance of payments. The aim is to lay down rules regulating the content, presentation, examination and monitoring of stability programmes and convergence programmes, as part of the multilateral surveillance that the Commission and Council want to carry out. The intention is to prevent budget deficits and excessive debt at an early stage, and to promote the surveillance and coordination of economic policy, thus helping the Union hit its growth and jobs targets. Parliament will be involved in the European Semester, in order to increase the transparency, ownership and accountability of the decisions taken, specifically through economic dialogue. The Council will be obliged to publicly justify its reasoning in Parliament whenever it does not follow the Commission’s recommendations in relation to situations where the Stability and Growth Pact has been contravened. The inclusion of reversed majority voting throughout the package is particularly important, not least in the preventive part of the Stability and Growth Pact. I voted for this report for these reasons."@en1
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