Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-281-437"
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"en.20110928.19.3-281-437"2
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"The budgetary discipline of the different Member States is a prerequisite for the balance of the EU as a whole. In this context, it is well known that effective monitoring is better than severe penalties. The concern with ensuring that excessive deficit procedures are applied swiftly is therefore justified. However, any change to the regulatory framework cannot ignore the current situation nor the need to ensure that the Member States have a transition period that allows them to adapt to the limits set out in EU law."@en1
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