Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-419-875"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110623.37.4-419-875"2
lpv:hasSubsequent	lp_eu:2011-06-23-Speech-4-420-0002
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	member; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2012-02-14)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; REGI (2009-07-16--2012-01-18)3
lpv:translated text	"I welcomed this document, because this procedure should put in place an alert mechanism for the early detection of emerging macroeconomic imbalances. It should be based on the use of an indicative and transparent scoreboard, comprising indicative thresholds, combined with economic judgment. This evaluation should take into account nominal and real convergence in the euro area and beyond. If severe macroeconomic imbalances are identified, including imbalances that jeopardise the proper functioning of the economic and monetary union, an excessive imbalance procedure should be initiated that may include issuing recommendations to the Member State, enhanced surveillance and monitoring requirements and, in respect of Member States whose currency is the euro, the possibility of enforcement (penalties) in the event of sustained failure to take corrective action. I believe that this is a good instrument for avoiding macroeconomic imbalances."@en1

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