Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-275-625"

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"Particularly important in this report is the proposal for reducing sovereign debt on the basis of a three-year average, as opposed to a fixed annual rate for the same period, which was previously advocated by the Commission. I am voting for these changes, as I believe that they represent an important legislative instrument for the development of corrective action to ensure the Member States’ fiscal sustainability. I would stress that, with the adoption of this document, the Commission will now have coordination and supervision responsibilities, taking a more active role in assessing and monitoring the performance of each Member State. This is an important step towards restructuring, strengthening and greater dynamism in Europe’s stability and growth policies. Finally, I would like to emphasise that only effective economic coordination can lead to a more cohesive and competitive EU, and I am bound to criticise the fact that the proposals made by the Commission on 15 September 2010 have only received the Council’s assent over a year later."@en1

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