Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-293-000"
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"en.20120613.24.3-293-000"2
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"As the Member of the Group of the European People’s Party (Christian Democrats) responsible for the opinion of the Committee on Employment and Social Affairs on the report, I find it important to point out that the European Commission is expecting Member States to take steps which, if not taken with due caution, could lead to a downturn in economic growth and employment in these countries. We are living in difficult times, but we must not forget about such common goals as Europe 2020 or the EU employment and job creation strategy. Both the Commission and the Council treat employment and growth as priorities, since they are the key to enabling Europe to recover from the crisis while implementing strict fiscal measures. The responsibility to find a solution for managing the employment-related and social tensions caused by the crisis also lies with us here in Parliament.
Harmonisation and stricter control of the budgetary policies of euro area countries is essential to ensuring the long-term viability of the monetary union. However, as I already stressed in my opinion, it is also vital for Member States to be able to retain their budgetary sovereignty, which is one of the most important tools for Member State economic governance. It is exceptionally important for euro area accession to remain a clear goal for all Member States not using the euro, but the stricter budgetary control and coordination should apply to them only after their accession to the euro area. As regards the practice of budgetary monitoring, it must be emphasised that non-euro area countries, too, should be involved in the procedure. It is crucial that the reports be discussed at fora where all 27 Member States are represented; the Committee on Economic and Monetary Affairs would be a suitable choice for this role.
It is welcome that some Member States, including Hungary, have already incorporated a sovereign debt ceiling in their constitutions; the Hungarian Constitution states the following: ‘Parliament shall not adopt a State Budget Act that would result in sovereign debt exceeding half of GDP’."@en1
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