Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-06-24-Speech-1-498-148"
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"en.20150624.36.1-498-148"2
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"I, along with my colleagues in the Labour Party and the Socialist and Democrats group, voted in favour of this report as this report aims to assess the effectiveness of the legal framework, particularly whether the provisions governing decision-making have proved sufficiently robust and whether the progress in ensuring closer coordination of economic policies and sustained convergence of economic performances of the Member States is in accordance with the TFEU. The report is based on this background and on the analysis of the first years of the implementation of the economic governance framework as it was modified during the crisis. The report observes that the new provisions have not allowed to take adequately into account the cumulative, Europe-wide effect of policies pursued at national level, in particular of the aggregate fiscal stance, and therefore have not addressed the risks stemming from growing divergences among euro area economies, the threat of deflation, low growth and high unemployment."@en1
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