Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-273-875"

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"en.20120613.24.3-273-875"2
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"I voted in favour of the two additional economic governance packages that are part of the system of economic governance because, in addition to further reinforcing the timely supervision of the draft budgets submitted by euro area Member States, in particular, by Member States in financial difficulty, they also allow for the operation of a pre-emptive crisis prevention mechanism. The packages intend to achieve this by requiring, among other things, reinforced information provision in order to ensure that Member States with financial stability issues and excessive deficit report on the development of their budget deficits in time. The aim of this mechanism is to prevent negative financial situations from rippling over to the entire European Union economy."@en1

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