Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-415-750"

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"It is very important to stress the importance of this regulation. While it is completely new within the EU legal framework, it is absolutely innovative in its content and in what it proposes, which is to identify and correct macroeconomic imbalances in the Union. Drawing on the lessons to be learnt from the recent crisis, this report is noteworthy for seeking to prioritise the monitoring and coordination of the economic policies adopted in the various Member States, for the sake of a strong, well-balanced economic union. It aims to set up an alert mechanism for possible future imbalances that may occur in a given Member State, so that they can be effectively remedied straight away. Lastly, I should like to congratulate my compatriot, Mrs Ferreira, on all her commitment and dedication, which has not always been easy but is clearly commendable."@en1

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