Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-076-500"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-02-01"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the informal European Council meeting of 30 January 2012 (debate)2
dcterms:Language	"pl"^^xsd:language2
lpv:document identification number	"en.20120201.12.3-076-500"2
lpv:hasSubsequent	lp_eu:2012-02-01-Speech-3-077-0002
lpv:speaker	lp:Sławomir Nitras2
lpv:spokenAs	unknown; Platforma Obywatelska (2009-07-14--2014-06-30)3 substitute; PECH (2012-01-19--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2011-09-29--2014-06-30)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3
lpv:translated text	"From the standpoint of improving economic governance in the EU, a positive view should be taken of the fact that the fiscal compact introduces instruments of a new quality which will contribute to the pursuit of a more responsible fiscal policy in the future. The most important of these are the balanced budget rule, the obligation of the Member States which have signed the compact to implement this principle in their national legal systems and the increased jurisdiction of the Court of Justice of the European Union. The effectiveness of the fiscal compact will, however, be verified only in practice, when its provisions become binding on the Member States. This is because there is a risk that the introduction of statutory automatic correction mechanisms may force the pursuit of excessively pro-cyclical economic policy, which will exacerbate the debt crisis. Another source of doubt continues to be the question as to the frequency with which Member States that are not part of the euro area will participate in Eurosummit meetings. The international agreement states that countries whose currency is the euro will be able to hold meetings only amongst themselves when the subject of discussion is to be responsibilities with regard to the single currency or other issues concerning governance of and convergence in the euro area. In relation to the fact that the range of subject matter for closed meetings of Euro Group members can be interpreted very broadly, it is very important from the point of view of guaranteeing the priority of the Community method that in this case a literal interpretation be applied."@en1

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