Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-295-003"
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"en.20120613.24.3-295-003"2
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"This report concerning the fiscal discipline of euro area Member States with excessive deficit fits well into the common system of economic governance. I truly believe that after the ‘six-pack’ on economic governance, the second economic governance package, which further elaborates on the practical aspects of budgetary discipline, is timely and essential for giving Europe a chance to initiate its long awaited economic growth. The text discusses important details, including not only additional data provision and reporting obligations for Member States suffering from serious budgetary imbalances, but also positive technical assistance for these countries, such as ‘reinforced surveillance’ by the Commission and timely Commission recommendations for flawed draft budgets. I did not support the motions for amendments on individual stability bonds and on a redemption fund because, on the one hand, I did not consider them to be closely related to the subject of European fiscal discipline and, on the other, they proved to be exaggerated and not well enough elaborated on several points. The report tabled before us foresees the fulfilment of minimum requirements, and although the final vote was postponed in order to allow the commencement of the trialogue with the Council and the Commission on the text adopted at first reading, I supported the amended text just as I did at the Committee vote."@en1
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