Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-241-000"
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"en.20110928.19.3-241-000"2
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"Budgetary surveillance allows Member States to benefit from early coordination at EU level and enables enhanced surveillance and a simultaneous assessment of both budgetary measures and structural reforms fostering growth and employment. The budgetary surveillance framework should be accompanied, especially during economic downturns, by effective efforts to stimulate sustainable growth, protect social cohesion and create jobs, while meeting the specific priorities and needs of every Member State. I think that additional incentives and sanctions are required to make the enforcement of budgetary surveillance more effective. These sanctions should enhance the credibility of the European Union’s budgetary surveillance framework, and the incentives should reinforce compliance with the legislation. This regulation sets out a system of incentives and sanctions for enhancing the enforcement of the preventive and corrective aspects of the Stability and Growth Pact, for strengthening the coordination and surveillance of budgetary discipline in the euro area and for preserving financial stability in this area. I voted in favour of this report."@en1
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