Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-259-500"

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"en.20110928.19.3-259-500"2
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"The adoption of this report, included in the ‘six pack’, aims to anticipate, identify and correct macroeconomic imbalances before they become real problems for national economies. It is therefore important to identify the risks, find out whether they are the country’s responsibility or whether they result from external impacts, and make appropriate and timely recommendations. The strengthening of the Commission’s role as watchdog and supervisor of policies relating to the Stability and Growth Pact is crucial to the implementation of genuine European economic governance, as it strengthens the Community method. In addition to the establishment of a smart and balanced system, with the inclusion of more macroeconomic and structural data in the range of statistical indicators, I would stress the new procedure on excessive imbalances, about which the Commission will be able to warn the Member State in advance. If the Member State ignores the warning, the Commission will be able to draft a recommendation for the Council, to the effect that this country should adopt corrective measures, using what is known as reversed qualified majority voting. However, at this point it is more important to take the measures that are needed to prevent future crises than to impose sanctions. The strengthening of the role of the Commission throughout the prevention and surveillance process once again underlines the need to centralise decisions in the Community pillar of the EU."@en1

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