Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-223-468"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-28"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110928.19.3-223-468"2
lpv:hasSubsequent	lp_eu:2011-09-28-Speech-3-223-5002
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	member; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2012-02-14)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; REGI (2009-07-16--2012-01-18)3
lpv:translated text	"I welcomed this document because the economic and financial crisis has exposed the need to review the framework for the Economic and Monetary Union (EMU) with a view to enforcing existing instruments and broadening the procedures for coordination and multilateral surveillance. The economic governance package comprises six proposals aimed at reinforcing the coordination and surveillance of economic policies in the EMU, taking into account the Europe 2020 strategy and the European Semester, which is a new surveillance cycle under the Stability and Growth Pact and the Broad Economic Policy Guidelines. Two of the proposals in question are concerned with the excessive deficit procedure. The other four concern the multilateral surveillance procedure. This proposal for a regulation sets out provisions ensuring the pursuit of prudent fiscal policies and the sustainability of public finance in the Member States. Despite this precise framework, the current economic context shows that progress towards achieving medium-term budgetary objectives has generally been insufficient. Moreover, the structural balance has in practice proved an insufficient measure of a country`s underlying fiscal position. Consequently, the proposed regulation provides for detailed rules to ensure the coordination of the economic policies and economic performance of Member States."@en1

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