Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-262-437"
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"en.20110928.19.3-262-437"2
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"−
The current economic, financial and social crisis has demonstrated that the European Union’s current economic governance model has not worked: the surveillance framework has shown itself to be very weak and the rules of the Stability and Growth Pact have not been respected.
I therefore agree with the package of measures that the Commission has submitted on economic governance, which should have a key role in the prevention of future crises and in strengthening European competitiveness and economic growth.
I am voting for Ms Ferreira’s report, which establishes detailed rules on the detection of macroeconomic imbalances, as well as the prevention and correction of excessive macroeconomic imbalances in the EU. I am in favour of the creation of a warning system designed to facilitate the early identification and surveillance of imbalances, both in the short term and as the result of long-term structural trends.
I would like to congratulate the Commission on devising the scoreboard, which is made up of a small number of relevant, practical, simple, measureable and available macroeconomic and macrofinancial indicators for the Member States. I also believe that inclusion in the regulation of the Commission’s obligation to assess both countries with deficit problems and countries that have a surplus is important, in order to gain a realistic overview of the European macroeconomic framework."@en1
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