Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-308-421"
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"en.20120202.31.4-308-421"2
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"During the debate in the European Parliament, the President of the European Commission said that it is extremely positive that 25 Member States have signed up to the fiscal compact, and that this agreement will help to clarify the role of the institutions and strengthen the Community method. The new International Treaty on Stability, Coordination and Governance in the Economic and Monetary Union should guarantee greater stability, since budgetary discipline will be stepped up and penalties will be automatically applied to countries failing to meet their targets. It is also important to stress inclusion in the constitution or similar legislation of the so-called ‘golden rule’, designed for structural deficits not to exceed 0.5% of gross domestic product (GDP) and for public debt to be below 60% of GDP. I am voting for this resolution because I fully agree that the European institutions and relevant Member States should adopt concrete measures intended to stimulate economic growth, to finance small and medium-sized enterprises, to create jobs, and to improve the workings of the single market. I agree with the resolution in advocating the creation of stability bonds and the approval of a financial transaction tax, better known as the Tobin tax."@en1
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