Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-384-992"

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"It was not a foregone conclusion, but the idea is gaining ground: no, budget austerity is not enough to restore growth. Greater coordination of economic policies requires deep structural reforms and more transparent decision making. That is the spirit of the Gauzès report. It is up to the Commission to highlight the measures taken by the Member States to implement their national reform programmes. It must remind them of the commitments that they have made. Furthermore, economic recovery depends on our banks who, with their freeze on investment, are paralysing the growth and activity of our SMEs. They must undertake to lend more to the real economy. Finally, as regards the drafting of the European Semester, I deplore the fact that Parliament has been excluded from the drafting of the main economic policy guidelines, which has been done on the sly by the governments. That is why the Commission has been asked to transform the Annual Growth Survey into Annual Sustainable Growth Guidelines in 2013, in a form that allows Parliament to play its role."@en1

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