Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-242-125"
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"en.20110928.19.3-242-125"2
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"−
The current economic, financial and social crisis has demonstrated that the European Union’s current economic governance model has not worked: the surveillance framework has shown itself to be very weak and the rules of the Stability and Growth Pact have not been respected.
I therefore agree with the package of measures that the Commission has submitted on economic governance, which should have a key role in the prevention of future crises and in strengthening European competitiveness and economic growth. I am voting for Ms Goulard’s report on the effective enforcement of budgetary surveillance. It is important to establish common parameters to ensure a proper and independent compilation of statistics, which are essential for outlining budgetary strategies, as well as their monitoring. I welcome the provision for fines, up to a maximum of 0.2% of gross domestic product, in the case of falsified statistics, so as to penalise fraud relating to the calculation of the deficit and government debt, both inside and outside the euro area. I agree that it should be possible for countries outside the euro to be part of this system."@en1
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