Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-247-500"
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"en.20110928.19.3-247-500"2
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"Given the Greek crisis and the worrying situation of several other Member States with large deficits, it is essential to ensure that, in future, compliance to budgetary discipline is a reality. I am relieved that the long months of fierce negotiations on the ‘governance package’ between Parliament and the Council have finally succeeded, even though I would have preferred this to happen sooner, of course. This regulation, relating to budgetary surveillance in the euro area, establishes a system of sanctions – a deposit of 0.2% of GDP of the Member State at fault, with or without interest – with a view to ensuring better compliance with the preventive and corrective aspects of the Stability and Growth Pact. It is also aimed at combating false information provided by the Member States regarding their public deficit or their public debt, with a range of fines for those who are found out. It should also be noted that the text asks the Commission to submit to Parliament and to the Council, by the end of 2011, a report on the possibility of issuing Eurobonds. I eagerly await the Commission’s next moves on this matter."@en1
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