Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-494-500"

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"− I should like to welcome the introduction of a mechanism of sanctions for correcting macroeconomic imbalances, in line with what is happening at the moment with the Stability and Growth Pact rules. Let us aim here, once again, to give less emphasis to the punitive aspect and more to the corrective aspect. The procedure provided for in this report is totally new to the framework of Union law, and I believe it will go on to play an indispensible role in the Member States’ future macroeconomic policies. It enables not just greater coordination, but also greater accountability by governments at national and EU level. I would also stress the introduction of the reversed qualified majority rule in the Council when decisions are being taken that are essential to the proper functioning of this package. Finally, I should like to congratulate my colleague, Mr Haglund, on his excellent work and dedication."@en1

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