Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-418-000"
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"en.20110623.37.4-418-000"2
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"The attempt to correct macroeconomic imbalances is extremely important for the future of the euro area and the EU. Parliament intends to improve the Commission proposal with the aim of creating a strong and coherent framework for the coming decade, guaranteeing compatibility between fiscal discipline and the goals of economic growth and employment in the Union and in all Member States, because the stability and sustainability of the Union and the euro will be secured only through fulfilment of these conditions. The strengthening of economic governance must go hand-in-hand with a strengthening of the democratic legitimacy of the decisions adopted. This requires the closer and more timely involvement in the whole process not only of the relevant interested parties, but especially of the national parliaments and the European Parliament. It is right that the Stability and Growth Pact and the full framework of administration of economic affairs should support the EU strategy on growth and jobs and comply with them, and also that it should aim to boost the competitiveness of all Member States as well as social stability in all regions of the EU. The prevention and correction of macroeconomic imbalances is an effective instrument for handling the weak points arising specifically as a result of medium-term and long-term trends, the growing differences within the Union and the euro area and also the external consequences of policies of individual Member States. We should improve the framework for economic governance and thus bring about the sustainable and balanced growth of the Union as a whole."@en1
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