Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-462-000"

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"en.20110623.37.4-462-000"2
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"− This report is another part of the package of six pieces of legislation on so-called economic governance, and is one of the package’s key pieces of legislation. It is on the regulation on the effective enforcement of budgetary surveillance in the euro area. Whilst it acknowledges the problems and mistakes during the first decade of economic and monetary union, it pushes blindly ahead, calling for a ‘more robust’ framework for surveillance of national economic policies by the Commission and Council. However, it always adds that such policies should have ‘particular focus upon development and strengthening of the internal market’: in other words, it wants more neoliberal policies, more privatisations, more free competition, and more policies that favour the strongest over the weakest. That is, it ends up calling for the same type of monetarist and neoliberal policies and criteria, tightening the veritable stranglehold imposed on the Member States, without a care for the causes of the problems, or for alternative policies that take into account economies’ different levels of development. Thus, it calls for the payment of fines by any Member States that do not meet the requirements imposed on them by the Stability and Growth Pact. This is also reinforced, however, by an attempt to legitimise the system of sanctions, with an attempt to include a system of incentives. That is why we voted against."@en1

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