Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-238-500"
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"en.20110928.19.3-238-500"2
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"Prevention is better than cure. The serious difficulties that most Member States are experiencing at present were revealed directly by the 2008 crisis. Let us stop taking decisions when it is too late and when we no longer have the choice. It is easier and less costly to anticipate and deal thoroughly with the problems early on than to address them superficially afterwards. That is the whole point of this directive, the aim of which is to ensure transparency, responsibility and budgetary coordination within the euro area. To avoid the errors of the past, we are taking our responsibilities by introducing a preventive aspect to the monitoring process, which appears to me as the necessary complement to the corrective aspect. The Commission will have the legitimacy to carry out this monitoring and will consequently be able to warn the countries that are not complying with the rules they accepted. The objective remains to take the bull by the horns while there is still time, before the sovereign debt crisis reaches the scale it did in Greece. In my opinion, these measures are an indispensable step towards shoring up our single currency and getting back on the path to growth and stability."@en1
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