Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-136-000"
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"en.20111130.16.3-136-000"2
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"Mr President, I am glad to address this House today on the report by Mrs Berès and to say that the Commission welcomes the report on the European semester for economic policy coordination.
I am certain that the next European semester in the first half of 2012 will be even better, that we will already have learned more lessons based on our experience this year, and that we will further improve our capacity for policy making in a systematic manner.
I especially welcome the fact that, on a number of issues that are central to the effective and efficient delivery of the public good of economic surveillance, Parliament and the Commission share a common point of view. One example is the clear and shared recognition that a purely intergovernmental system of policy coordination would be inadequate to fulfil what is required of multilateral surveillance under the Treaty. We need the Community method for this purpose.
The report also shows, to my mind, that we have a strong common understanding of the challenges that we are facing during this crisis and the direction that our response should take. It has to combine stability, growth and solidarity.
The most telling example of this is the spirit of cooperation with which Parliament has taken its responsibility regarding economic governance in the legislative process that led to the adoption of the six-pack legislation. The agreement between our institutions on the fundamental issues of economic policy coordination is all the more important at the present time as we face very substantial challenges for economic and financial policymaking.
Therefore I hope that we can repeat the success of the six-pack with regard to the new legislative proposals for further strengthening economic governance which the Commission put forward last Wednesday. The package of documents presented on that day reflects our commitment to closer convergence, stronger discipline and firm solidarity.
On several occasions I have already stated that democratic accountability on European decision-making has to be increased – as Mrs Berès rightly underlined – especially if a greater degree of fiscal discipline and economic surveillance is to be conducted by the European Union in relation to the Member States. This is indeed extremely important and I believe that in Parliament and the Commission we see eye to eye on this critical matter.
This is also the reason why I was – and remain – so supportive of the new Economic Dialogue. I look forward to our Economic Dialogue on the Commission’s Annual Growth Survey for 2012. This Dialogue will be an excellent opportunity for Parliament to express its views on the priorities for the economic agenda on growth, stability and governance.
Now, I recognise that not everything said in the report is necessarily flattering of how the first European semester in 2011 was conducted. I do, however, hope that you recognise that the Annual Growth Survey for 2012 also reflects efforts on the part of the Commission to take into account comments made in this House.
Let me conclude by saying that the introduction of the European semester in itself has been a major step forward and the 2011 experience has clearly shown improvements compared to economic surveillance done before. The six-pack will go much further and it is actually already having a practical impact because several Member States are realising that they face the prospect of moving to the next step of the Excessive Deficit Procedure, and also the possibility of financial sanctions, unless they take action in order to ensure that they meet the economic and fiscal targets of next year."@en1
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