Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-252-750"

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"en.20110928.19.3-252-750"2
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"I voted against this report, which essentially supports the Commission proposal on the regulation relating to implementing measures to correct excessive macroeconomic imbalances in the euro area. This is another of the key legislative texts of the package on economic governance. It is concerned, above all, with a system of sanctions and the application of fines to any Member State not fulfilling the requirements imposed by the Commission on the basis of the delegated acts. Parliament is seeking its application to any Member State that has notified the Commission that it wishes to apply this regulation, even if it is not a member of the euro area. This is yet another interventionist measure that calls for the application of 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 take into account economies’ different levels of development. What it does is extend the application of sanctions and the payment of fines for any Member State that has not complied with the requirements imposed on it, placing them in a genuinely submissive position with regard to the European institutions, just so as to serve the interests of big business and the financial sector, and this is unacceptable."@en1

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