Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-268-687"

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"en.20121026.23.5-268-687"2
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". The European Semester is one of the cornerstones of the economic governance package (six-pack), its main objective being the coordination of the macroeconomic and budgetary policies of Member States. This mechanism was fully implemented for the first time this year, and all the necessary conclusions must therefore be drawn to improve what is as yet the only mechanism that allows for the necessary surveillance and coordination in the euro area context, via both the exchange of draft budget plans and the previous discussion of all major economic policy reform plans, allowing the reduction and/or elimination of any possible negative spill-over effects that may arise. Lastly, I would like to congratulate Jean-Paul Gauzès on the work he has done, and say that I believe that this mechanism has a fundamental role to play in leading the Union through the next steps towards the accomplishment of a real economic and monetary union."@en1

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