Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-254-000"
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"en.20110928.19.3-254-000"2
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"In June this year, the European Parliament approved a package of measures containing six proposals for creating a better framework for the administration of the EU’s economic affairs, which should lead to greater macroeconomic stability for Member States in the long term. This should be achieved also through the greater involvement of the European Parliament and national parliaments in the procedures for coordinating economic policy. A sophisticated and enforceable system of penalties for the effective correction of excessive macroeconomic imbalances in the euro area should constitute an integral prerequisite for achieving such an ambitious plan, as we also see in the report of Ms Ferreira. The system should be designed in such a way so as to avoid the emergence of asymmetric shocks, contribute to sustainable growth and job creation, and comply with the Europe 2020 strategy.
Although the final determination of the level of a fine may sometimes be problematic, the levels and method of enforcement should be established on the basis of a sensitive general political consensus. I nonetheless have reservations over the proposed method of potentially imposing an interest-bearing deposit before an actual penalty is handed down. In general, it can be said overall that the submitted report of Carl Haglund, which relates to the implementation of Ms Ferreira’s report, is a step in the right direction, but the interest-bearing deposit looks problematic and deserves further discussion. For this reason, I have abstained from the vote."@en1
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