Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-252-093"
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"en.20110928.19.3-252-093"2
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"The current crisis has proved that the Member States are passively enduring its effects rather than being proactive in finding a way out. As a result, the European Union has decided to implement a package of six proposals aimed at strengthening European economic governance. Thus I am supportive of Europe being more involved and more ambitious in this respect, so that it can anticipate any new crisis. For that to happen, the European Union has decided to put in place a new system that is able to prevent macroeconomic imbalances, especially in terms of trade. Detailed in the Haglund report, this system will introduce a series of measures that will supplement those found in the Ferreira report. In this way, if a Member State has not been able to address its imbalances by following the Council’s recommendations, it will have to gather a deposit and eventually pay a fine, the proceeds of which will be allocated to the European Financial Stability Facility and then to the European Stability Mechanism, which is due to replace it in 2013. Being in favour of enhanced economic surveillance, I voted in favour of the Haglund report."@en1
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