Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-235-500"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20110928.19.3-235-500"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The final vote on the so-called ‘six pack’ is a clear signal that the European Union is seeking to avoid future sovereign debt through preventive and corrective mechanisms, and in particular to avoid budget deficits and excessive debt. A single currency area requires the application of concerted economic and financial policies, namely the creation of European economic governance. This report therefore aims to strengthen the instruments of the Stability and Growth Pact, giving greater emphasis to the criterion of public debt with a specific limit of 60% of gross domestic product. The changes include the institutionalisation of the European Semester, with the strengthening of the economic dialogue between the institutions and the Member States, and the inclusion of the objectives set out by the EU in the national reform programmes. The objective of including the mechanism of reversed qualified majority voting in the Council in all stages of assessment process has not been possible. Parliament has nevertheless insisted on the need for this procedure in cases where the Member State does not take appropriate measures to combat its debt and deficit. This report is therefore the first of many steps that the EU needs to take towards making itself a strong and cohesive economic bloc that is capable of responding to economic and financial shocks."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples