Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-243-750"
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"en.20110928.19.3-243-750"2
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"I supported this report because budgetary surveillance in the euro area is fundamental to strengthening and improving economic governance in the European Union and will help reinforce a national commitment to European economic governance.
I support appropriate regulation and supervision of financial markets, setting minimum requirements for Member States’ budgetary frameworks and creating a credible, permanent crisis resolution mechanism, as I believe that this would help enhance the policy for sustainable growth and jobs and encourage competitiveness in the EU and international trade. I think that creating the European Semester for policy coordination and carrying out enhanced surveillance and a simultaneous assessment of the budgetary measures are requirements for improving the budgetary surveillance framework in Europe.
I feel that the report is particularly valuable in creating a robust and credible excessive debt prevention and resolution mechanism for the euro area. I think that the proposed system of incentives and sanctions would help increase the guarantees of compliance with the Stability and Growth Pact."@en1
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