Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-495-000"

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"en.20110623.37.4-495-000"2
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"− The regulation on enforcement measures to correct excessive macroeconomic imbalances in the euro area is another key piece of the legislative package on economic governance. This regulation addresses a system of sanctions and the application of fines to any Member States not fulfilling the requirements imposed by the European Commission on the basis of the delegated acts. What we have before us is a process of intervention that calls for the application of the same type of monetarist and neoliberal policies and criteria that led to the current crisis, particularly affecting the most vulnerable economies. The stranglehold imposed on the Member States is being tightened, without a care for the causes of the problems, or for alternative policies that take into account economies’ different levels of development. Although the proposal initially only covers Member States whose currency is the euro, the European Parliament is seeking its application to any Member State that has notified the Commission that it wishes to apply this regulation, even if it is not a member of the euro area. The intention is to expand the application of sanctions and the payment of fines to any Member State not complying with the impositions that have been laid down, placing them in a genuinely submissive position with regard to the European institutions and to the directory of powers that are, essentially, in charge of them…"@en1
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