Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-267-125"
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"en.20110928.19.3-267-125"2
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"The coordination of the economic policies of the Member States within the Union should be developed in the context of the general guidelines for economic policy and employment, and that this should require compliance with the guiding principles of price stability, of robustness and sustainability in public finances and monetary conditions, and of balance of payments sustainability. A procedure to monitor and correct adverse macroeconomic imbalances, with preventive and corrective elements, will require enhanced surveillance instruments based on those used in the multilateral surveillance procedure. This procedure can include enhanced surveillance missions by the Commission to Member States in liaison with the European Central Bank for Member States participating in second exchange rate mechanism, and additional reporting by the Member States in the case of severe imbalances, including imbalances that jeopardise the proper functioning of economic and monetary union. Social partners and other national stakeholders should, therefore, take part in the dialogue, where appropriate."@en1
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