Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-081-000"

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"en.20120612.5.2-081-000"2
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"Mr President, I would like to point out to Commissioner Rehn and the rapporteurs that there is a matter that current legislation does not address. What I am referring to is the fact that the budgetary golden rule associated with the legislation under discussion only allows the deficit limit to be exceeded within the euro area, but not outside it. It is true that there is a difference between 3% and 0.5% inside and outside the euro area, but if the legislation fails to lay down by how much euro area Member States can exceed and go beyond the limit with the growth incentive package, then this means that Member States outside the euro area lack this option, while those within the euro area can reach higher deficits. It would be important to regulate precisely by how much growth incentive measures can exceed the 0.5% limit in euro area Member States."@en1
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