Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-273-750"

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"en.20120613.24.3-273-750"2
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"I voted in favour of this report. Excessive national debt can have dramatic consequences, both within the countries concerned and for the other Member States of the European Union. In order to avoid serious economic and social consequences and ensure financial stability and economic growth in the euro area, there is a need for serious measures and I therefore agree that the ‘two-pack’ debated here should also be adopted alongside the ‘six-pack’. I believe that the Member States should consult with the Commission in advance on important economic or fiscal policy reforms to make it possible to assess the potential impact for the euro area as a whole. It is important to align the preparation of national budgets by setting a common timetable for all countries, which should ensure that countries drawing up budgets take the European recommendations and national reform programmes into account in a timely manner. Furthermore, a euro area member that is experiencing significant economic difficulties should present the Commission with a detailed borrowing plan."@en1

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