Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-415-562"

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"− The current economic, financial and social crisis has demonstrated that the European Union’s current economic governance model has not worked: the surveillance framework has shown itself to be very weak and the rules of the Stability and Growth Pact have not been respected. I therefore support the package of measures that the European Commission has tabled on economic governance. I endorse Mrs Ferreira’s report on the prevention and correction of macroeconomic imbalances. I congratulate the Commission on the idea of introducing a scoreboard, which has already given good results in the fields of the internal market and the area of freedom, security and justice. I would like the European Parliament to be able to provide expert help to the Commission in defining the indicators on the scoreboard. The number of indicators is expected to be quite large, but they should focus mainly on the factors relevant to macroeconomic imbalances. I agree with the possibility of calling for structural reforms in surplus countries, but most attention should be given to deficit countries."@en1

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