Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-242-875"

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"en.20110928.19.3-242-875"2
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"We also voted against this report from the package of six legislative texts on economic governance. This is one of the key pieces of legislation in the economic governance package. This is the regulation on the effective enforcement of budgetary surveillance in the euro area. Whilst it acknowledges the problems and mistakes during the first decade of the Economic and Monetary Union, it pushes blindly ahead, calling for a ‘more robust’ framework for surveillance of national economic policies by the Commission and Council. However, it keeps maintaining that such policies should have a ‘particular focus upon development and strengthening of the internal market’. This means that they want more neoliberal policies, more privatisations, more free competition and more policies that favour the strongest over the weakest. In other words, it ends up calling for the same type of monetarist and neoliberal policies and criteria, tightening the veritable stranglehold imposed on the Member States, without a care for the causes of the problems, or for alternative policies that would take into account economies’ different levels of development. It also calls for the payment of fines by Member States that do not meet the requirements imposed on them by the enhanced Stability and Growth Pact."@en1

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