Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-260-000"

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"en.20110928.19.3-260-000"2
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"I wish to congratulate Mr Haglund on his successful work on the report concerning the proposal for a regulation of the European Parliament and of the Council on enforcement measures to correct excessive macroeconomic imbalances in the euro area. The report thoroughly considers the proposals of the European Commission on how to improve economic governance, so as to reinforce the existing system. Although the Commission’s initial draft proposal should be viewed positively, a stronger focus must be placed on the prevention of inefficient fiscal and macroeconomic policies. The European Parliament has supplemented the proposal on enforcement measures to correct excessive macroeconomic imbalances with requirements for all Member States to integrate the rules of the Stability and Growth Pact in their budgetary procedures, to give a greater and more independent surveillance role to the Commission, as well as a stronger surveillance role for Parliament. In order to provide greater transparency and accountability, as well as to stop political ‘bargaining’ in the Council or between the Member States and the Commission, the Commission and the Council must undertake to motivate and make public their position and decisions in all stages of the procedure. At the same time, the report contains certain elements of economic governance such as an interest-bearing deposit or yearly fine of 0.1% of the GDP of the Member State concerned in the preceding year, if it has not taken corrective action after it has been the subject of a negative macroeconomic assessment."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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