Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-293-250"
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"en.20120613.24.3-293-250"2
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"This report concerns the proposal for a regulation of the European Parliament and of the Council on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of the excessive deficits of the Member States in the euro area. The Member States’ concern for fiscal discipline and correcting excessive deficits has been leading to reduced consumption and, as a result, to many companies going out of business, to the loss of tax revenues, to increased unemployment and, necessarily, to an upsurge in the numbers of newly poor. I voted for this report because, amongst its suggestions, enhanced supervision to monitor and assess the Member States’ plans to prevent excessive debt levels and contagion – because prevention is better than cure, not least because of the sluggish effects of the measures adopted – sits alongside the need to change the direction of the agenda, until now geared towards austerity, towards economic growth and job creation. The creation of eurobonds, the advocating of an ambitious investment plan in line with the Europe 2020 strategy, and the strengthening of the Community method will stimulate smart, sustainable and inclusive growth, so I welcome them."@en1
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