Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-287-625"
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"en.20110928.19.3-287-625"2
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"This report, drafted by Ms Ford, concerns a proposal for a directive on requirements for budgetary frameworks of the EU Member States. This proposal for a directive, which forms part of a package of six proposals for legislation – five regulations and one directive – is aimed at improving EU economic governance. It has been the subject of intense negotiations between the Council and Parliament, which has tabledmore than 2 000 proposed amendments, having been adopted by the finance ministers of the EU Member States, under the Polish Presidency of the Council, on 16 September.
This directive must be implemented faithfully and rigorously, as it will allow the EU to monitor and penalise the Member States. It cannot, as often happens, have a merely cosmetic effect. It must be effective and force countries to provide suitable statistical data that allows a correct diagnosis to be made of the financial situation of each Member State. I welcome the adoption of this directive, which represents a comprehensive, integrated solution for combating the crisis, introduces transparency criteria and penalties for those supplying incorrect data, and encourages fiscal responsibility by establishing minimum requirements for national budgets."@en1
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