Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-476-000"
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"en.20110623.37.4-476-000"2
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"−
This report on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EC) No 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies is part of an EU economic governance package. This report, like the other, similar reports included in the package, directly refers to the recent financial crisis in Greece and sets the objective of creating a regulatory framework to prevent the repetition of similar crises. On the one hand, the need to strengthen coordination and especially financial monitoring of Member States appears obvious, given the seriousness of the Greek crisis and its repercussions for the other Member States. However, the directives proposed by the report also have problematic aspects that should not be underestimated. In fact, the directives entail a substantial increase in EU interference in the internal economic affairs of Member States, which suggests a sharp decline in the latter’s influence. The fact that such a risk cannot be ruled out meant I had to abstain from the vote."@en1
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