Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-046-500"

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"− The European Union must strengthen its economic governance, which will only be achieved using the Union method, with the Commission’s leadership, rather than the intergovernmental method. I hope that the strengthening of the Stability and Growth Pact, the European Semester, the Europe 2020 Strategy and the amendment of Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism will result in sustainable economic growth. The workings of this mechanism must respect the fundamental principles of democratic decision-making, such as transparency, parliamentary monitoring and democratic responsibility. This mechanism constitutes an important part of a global package of measures aimed at defining a new framework in order to reinforce budgetary discipline and the coordination of Member States’ economic and financial policies, which should include the promotion of a joint European response to growth challenges, concomitantly overcoming economic and social imbalances and improving competitiveness. I voted in favour of creating this mechanism in the hope that it will be a valuable contribution to conferring greater stability on the financial markets and providing sustainable economic growth."@en1

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