Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-426-000"
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"en.20110623.37.4-426-000"2
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Experience gained during the first decade of functioning of the economic and monetary union shows a clear need for an improved economic governance framework. The legislative proposals on governance adopted by the Commission in September 2010 will have to be examined carefully and improved by Parliament, in view of their fundamental role for the future of the EU and, in particular, in the euro area. Strengthening economic governance should go hand in hand with reinforcing the democratic legitimacy of the decisions taken, because economic governance cannot be dissociated from financial market regulation and supervision. Under the Treaty of Lisbon, the Council requires Parliament’s agreement to reach a final consensus. This is the first time Parliament has co-decided with the Council on macroeconomic developments and fiscal discipline in the Union. I voted in favour of an extensive reform of the governance framework based on the Community method in order to ensure that Parliament improves the Commission proposals on the establishment of a robust and coherent framework for the next decades, guaranteeing compatibility between fiscal discipline and economic growth."@en1
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