Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-242-625"
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"en.20110928.19.3-242-625"2
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"This report, drafted by Ms Goulard, concerns the proposal for a regulation of Parliament and the Council on the effective enforcement of budgetary surveillance in the euro area. The current economic and financial situation of various Member States demonstrates the ineffectiveness of plans for the Stability and Growth Pact, so besides the need for rigorous monitoring of the public deficit within the principles defined by the Treaty of Maastricht, it has become vital to monitor the public and private debt. The European institutions have been doing everything they can to help Member States out of the crisis. However, they have to be more rigorous with their public finances. It is unacceptable that some countries are falsifying their statistics in order to deceive the EU. I therefore welcome the strengthening of coordination and surveillance mechanisms that increase the oversight of budgets of the Member States – so as to prevent them from making major errors in their budgetary policy that could jeopardise the very economic and monetary union – and especially monitoring agencies, as well as the introduction of a set of sanctions for all Member States with budgetary imbalances. This is the only way we will successfully achieve greater development and economic growth."@en1
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