Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-276-375"
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"en.20110928.19.3-276-375"2
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"−
This report, drafted by Mr Feio, concerns a proposal for a regulation of the Council amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure, and it forms part of the legislative package on economic governance, on which Parliament is voting during this sitting. The global economic and financial crisis, which is taking so long to show signs of easing, has shown the need for better EU coordination and improved surveillance of the economic policies of the Economic and Monetary Union. The situations that have attracted the attention of economists and politicians include the monitoring of excessive deficits and the macroeconomic imbalances of the Member States. The dilemma that we are debating is this: how can we monitor excessive deficits and ensure economic growth? The new legislative package has an answer to this question: much stronger surveillance in the Stability and Growth Pact, and increased accountability and transparency are needed so that we can have sustainable public finances in the Member States. I am therefore voting for this report, as its proposals are part of a broader reform under the Europe 2020 strategy, and I hope that they contribute to the creation of a stronger and more sustainable economy."@en1
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