Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-415-875"
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"en.20110623.37.4-415-875"2
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"I believe the Commission should have a stronger and more independent role in the enhanced surveillance procedure as regards assessments that are specific to each Member State, monitoring, missions and recommendations. I support the Union method, and therefore I agree that the role of the Council should be limited in the steps leading to potential sanctions. The most important thing, however, is to progress towards economic governance with strong preventive and corrective parts, so as to avoid such sanctions.
The prevention and correction framework and the whole economic governance framework should promote growth and jobs and boost the Union’s competitiveness and social stability. I therefore agree that surveillance of the economic policies of the Member States should be broadened beyond budgetary surveillance to prevent excessive macroeconomic imbalances and vulnerabilities within the Union. It is also important to consider internal imbalances, including private and public debt, its evolution and origin (domestic or international) and late payments of the country, especially from the public sector and big multinationals to small and medium-sized enterprises."@en1
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