Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-301-000"
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"en.20120613.24.3-301-000"2
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"The proposal for a regulation tabled by the Commission contains additional provisions regarding surveillance of the budgetary policy of the Member States and sets out a common budget timetable as well as stricter surveillance of the budgetary decisions of the Member States. This sounds good, but it is old wine in new bottles. The Stability and Growth Pact, which, moreover, was the condition on which Germany consented to the euro, had the same objective. So far, this has been breached more than 80 times. Why should things be any different with the new objectives? The wording alone, which states that ‘the enforcement of budgetary surveillance should always be subject to overarching objectives of the EU and, in particular, to the requirements of Article 9 TFEU related to the promotion of a high level of employment, the guarantee of adequate social protection’, expressly bears witness to the fact that, right from the outset, there has been no consideration of this whatsoever. The countries concerned will always find a reason why they should not meet the objectives. Moreover, the sanction mechanisms are entirely ineffectual. The regulation is therefore not worth the paper it is written on."@en1
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