Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-266-750"
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"en.20110928.19.3-266-750"2
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"I supported the Ferreira report on the prevention and correction of macroeconomic imbalances. The report suggests that the current economic and financial crisis can be explained partly by economic imbalances between Member States and within the private sector. To prevent and correct those imbalances at an earlier stage, this report proposes a new early warning mechanism as part of the package on economic governance. Requiring Member States to address their macroeconomic imbalances is not about imposing measures that hurt countries or their citizens or punishing those already under a lot of pressure. The report concludes it is more harmful if excessive macroeconomic imbalances are not dealt with, as they can have a drastic effect on the economy as a whole."@en1
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