Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-505-250"
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"en.20110623.37.4-505-250"2
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"As the last year has shown, the Stability and Growth Pact, which was supposed to be an effective means of preventing Member States from breaching the macroeconomic policies of the euro area, has – to put it mildly – not been very successful. This was to a large extent due to the fact that Member States felt they would not be punished, because the sanctions provided for in the system were not applied automatically. The measures which have been proposed centre mainly around stronger coordination of the fiscal policy of individual Member States and tougher and automatic sanctions intended to force Member States to maintain greater macroeconomic discipline."@en1
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