Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-474-500"
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"en.20110623.37.4-474-500"2
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"Current events show that the European Stability and Growth Pact is not very efficient and has failed to prevent several Member States from encountering serious problems in their balance of payments and in paying off their debt. In addition to the aid provided to these countries by the EU, the institutions are therefore working to strengthen the Stability and Growth Pact in order to avoid crises of this kind in the future. That is the objective of the economic governance package, of which this report by my colleague Mrs Wortmann-Kool is a part. The report deals with the surveillance of budgetary positions and the surveillance and coordination of economic policies. The discussion with regard to this report has focused on the issue of the reversed qualified majority voting mechanism – which means that the Commission’s recommendations will come into effect unless opposed by a qualified majority of the Council – as well as the review clause. I supported these two mechanisms during the vote because I am convinced that we must be demanding and ambitious in order to improve budgetary stability in Europe and thus to safeguard our future."@en1
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