Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-041-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| lpv:document identification number |
"en.20111025.5.2-041-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:translated text |
"Madam President, I would like to thank everybody for their contribution to this debate. The most fundamental change introduced by the European Semester is the fact that European-level coordination of fiscal and economic policies now happens before national decisions are finalised. Until this year, national policies and budgets had been assessed at EU level only after national decisions. This is a major change and, as has been mentioned by many Members today, it implies an increased democratic responsibility for EU institutions.
This calls for more participation of the EU institutions in national debates. We need to find a way to do this. The Commission has so far preferred to avoid challenging national policies in public debate.
The European Semester and the ‘six-pack’ will be instrumental in delivering stability, growth and jobs in Europe in the coming years. They will help us avoid the emergence of the kind of fiscal and market economic imbalances that resulted in the current crisis. But you are right: the European Semester is not a crisis management tool. It will deliver results in terms of stability and growth within a few years, which is why two weeks ago, we presented the stability and growth road map, elements of which have been addressed by the European Council and will feature in the Euro summit tomorrow.
In the short term, we need to agree on a substantial recovery path for Greece, coordinated recapitalisation of banks and maximising the firepower of our financial backstops. In the longer term, we need to agree on measures for growth and strengthening of economic governance. With the European Semester, we are already making good progress on the last element: building a true economic union.
As a final note, let me just underline my conviction that the introduction of the European Semester represents a very important step forward. This House has already made an important contribution to making the European Semester more effective, including by bolstering its legitimacy. It will also, in the future, be the crucial role of the European Parliament and national parliaments to continue ensuring the democratic ownership of our joint policy coordination. We are all now called on to put this into practice together."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples