Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-496-000"

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"en.20110623.37.4-496-000"2
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"− This is the regulation on enforcement measures to correct excessive macroeconomic imbalances in the euro area, and is yet another key piece of legislation in the package on economic governance. This regulation is concerned, above all, with 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. 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. It is yet another interventionist measure that calls for the application of 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. What it does is expand the application of sanctions and the payment of fines for any Member State not complying with the requirements imposed on it, placing them in a genuinely submissive position with regard to the European institutions, just so as to serve the interests of large companies and financial institutions…"@en1
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