Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-263-625"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-28"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110928.19.3-263-625"2
lpv:hasSubsequent	lp_eu:2011-09-28-Speech-3-263-7502
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	member; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2012-02-14)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; REGI (2009-07-16--2012-01-18)3
lpv:translated text	"I welcomed this document because the proposal on the prevention and correction of macroeconomic imbalances complements the multilateral surveillance procedure provided for under the Europe 2020 strategy by introducing a completely new element, the excessive imbalance procedure. This proposal sets out to provide a framework for identifying and addressing macroeconomic imbalances. The proposal should be analysed together with the Regulation on enforcement measures to correct macroeconomic imbalances. The two acts a fully-fledged mechanism on the prevention and correction of macroeconomic imbalances. The EU needs stronger economic surveillance, which should cover all relevant economic areas. Thus, macroeconomic imbalances should be looked at jointly with fiscal policy and growth-enhancing structural reforms. It is possible to identify a trend characterised, on the one hand, by the broadening of economic surveillance beyond budgetary surveillance in order to prevent excessive macroeconomic imbalances and, on the other hand, by the deepening of fiscal surveillance. This procedure should put in place an alert mechanism for the early detection of emerging macroeconomic imbalances. It should be based on the use of an indicative and transparent scoreboard, comprising indicative thresholds combined with economic judgment. This evaluation should take into account, inter alia, nominal and real convergence in the euro area and beyond."@en1

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