Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-257-593"

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"Like Ms Goulard’s report, the report drawn up by Mr Haglund is the important and fundamental corollary to implement effective surveillance of macroeconomic imbalances. Indeed, without a significant dissuasion tool, the establishment of the excessive imbalances procedure could come to nothing. Specifically, I welcome the fact that if the alert mechanism signals the presence of excessive imbalances it will trigger the corrective procedure and the Commission can address a warning to the State in question. Above all, if the State does not take appropriate measures, financial sanctions will apply (equal to 0.1% of GDP)."@en1

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