Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-011-000"

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"Madam President, the European Semester is an important innovation of economic governance in the EU, synchronising the calendars of multilateral surveillance for the fiscal and the macro dimensions in the Stability and Growth Pact, and also regarding EU 2020 targets in the national reform programmes. The first exercise led to the release of country-specific recommendations adopted by the Commission in June, and had the aim of providing ex-ante guidance to Member States in both fiscal and structural objectives. These recommendations were endorsed by the Council in July following the introduction of changes. As part of Parliament’s role of ensuring maximum transparency and accountability at the Union level, the European Parliament is eager to foster a debate on these recommendations, as well as more generally on the outcome of the first instalment of the European Semester. These oral questions to the Commission and Council seek to review the Semester with the aim of improving it. Do the Council and the Commission believe the Semester lived up to expectations, and if the exercise was not perfect, how do they think it should be improved next year? Does the Council consider that the changes it made to the recommendations in June and July of this year were made in a sufficiently transparent manner? It looks a little like the old habit of the Council weakening draft recommendations by the Commission, about which we are justifiably nervous. Of course the Council has the right to alter those recommendations, but it is also in line with Parliament’s new role as guarantor of EU-level transparency and accountability to seek answers to the questions as to why certain changes were made. The committee is planning to organise a more detailed hearing on exactly that question on 7 November, to which both the Commission and the Council have been invited. Parliament is also asking about the interaction between tools of different legal natures – for example, the national reform programmes, which are non-binding, and the stability and convergence programmes, which are binding – and is seeking an assessment of Member States’ commitment to and ownership of the European Semester. All of this is crucial to implement the significantly enhanced economic governance that Europe needs as a result of the ongoing crisis."@en1
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