Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-262-593"

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"It is crucial to stress the importance of this regulation. While it is completely new within the EU legal framework, it is absolutely innovative in its content and in what it proposes, which is to identify and correct macroeconomic imbalances in the Union. In light of the lessons that can be drawn from the recent crisis, this report sets itself apart with its willingness to strive for surveillance and the coordination of economic policies adopted in the various Member States in the interests of a strong and balanced economy, and in particular by emphasising the need to oversee both countries with deficits and those with surpluses, in order to obtain a realistic overview. It aims to set up a warning mechanism for possible future imbalances that may occur in a given Member State, so that they can be immediately and effectively rectified. Lastly, I should like to congratulate my compatriot, MsĀ Ferreira, on all her commitment and dedication, which has not always been easy but is clearly commendable."@en1

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