Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-299-000"

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"en.20120613.24.3-299-000"2
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"This report proposes that all of the Member States in the euro area be monitored by the European Commission. It makes all States with excessive deficits subject to enhanced surveillance by it. It requires all States to list for the Commission all of the provisions in their draft budgets. The Commission will be able to amend them. Its amendments will have to be adopted by the national parliaments or they will have to pay a fine. The text also includes many provisions of the budgetary pact that is currently being ratified. It thus requires the States to submit all investments to the Commission for validation and establish ‘automatic correction mechanisms’ if they do not comply with the budgetary adjustments envisaged by the Commission. In addition, the report establishes the ‘economic partnership programme’ provided for by the Treaty on Stability, Coordination and Governance for all countries that are subject to an excessive deficit procedure. I voted against this barrier to democracy."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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