Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-235-750"
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"en.20110928.19.3-235-750"2
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".
I voted against the report on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies because the whole economic governance package only introduces austerity measures and does not give Member States the chance to invest in economic growth and job creation measures.
The Commission’s proposal stipulates that each Member State should submit its national reform programme annually by 30 April. The Council assesses, based on the Commission’s recommendation, whether the planned policy actions and the economic assumptions on which the national reform programmes are based are plausible. In the case of Member States outside the euro area, the Commission and Council monitor the implementation of the convergence programmes to identify significant discrepancies between the budgetary position and the medium-term budgetary objective. In the event of a significant deviation from the adjustment path towards achieving the medium-term objective, the Commission issues a warning to the relevant Member State, while the Council adopts a recommendation for policy measures within a month, whereby a deadline is set of five months for rectifying the deviation.
I think that these austerity measures limit Member States’ flexibility to devise their own set of measures to provide economic and social development and, by extension, help achieve the medium-term objective."@en1
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