Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-228-000"
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lp_eu:Prevention and correction of macroeconomic imbalances - Implementation of excessive deficit procedure - Requirements for budgetary frameworks of Member States - Budgetary surveillance in euro area - Surveillance of budgetary positions and surveillance and coordination of economic policies - Enforcement measures to correct excessive macroeconomic imbalances in euro area (continuation of debate)2
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"Mr President, the measures we are discussing here this evening are to be welcomed. I think they show that the European Union has the capacity, the will and the intelligence to take measures arising out of the lessons we have learned from the economic crisis. And, particularly, I think that some have said that this is a transfer of powers from Member States to the European Union. This is the old hoary chestnut that is brought forward to object to every proposal. If you are part of the European Union it has to have some powers, and certainly we are sending out a message to the markets and the citizens that we can deal with crucial issues when they occur. Certainly, I agree completely with what we are doing and I also would love to see us adopting automatic, binding sanctions and also the reverse qualified majority voting system. That would ensure that we would stay out of crisis in the future. Prevention is better than cure and this is all about prevention. Learning from what we have learned already."@en1
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