Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-273-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-28"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lv"^^xsd:language2
lpv:document identification number	"en.20110928.19.3-273-000"2
lpv:hasSubsequent	lp_eu:2011-09-28-Speech-3-274-0002
lpv:speaker	lp:Inese Vaidere2
lpv:spokenAs	substitute; INTA (2009-07-16--2012-01-18)3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; AFET (2009-07-16--2012-01-18)3 unknown; Pilsoniskā Savienība (2009-07-14--2012-07-03)3 member; DROI (2009-07-16--2012-01-18)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2009-07-24--2014-06-30)3
lpv:translated text	"The experience gained from the functioning of the Economic and Monetary Union hitherto leads us to conclude that improved economic governance, introduction of an effective system to prevent excessive national budget deficits and stronger financial market regulation and supervision are among the primary tasks of European States, especially of those in the euro area. In this report the European Parliament provides for the introduction of a special alert mechanism for early detection of the risks of macroeconomic imbalances in the Union. Such an alert mechanism would be based on regular Commission assessments of the fiscal and macroeconomic situation in Member States. For this purpose, the report provides for the creation by the European Parliament, the Council and the Commission acting jointly of a specific indicative and transparent scoreboard including nominal and real convergence, both internal and external national imbalances, changes in productivity and its constituents, for example, as regards research and development, foreign and domestic investment, as well as changes in those sectors, such as energy, influencing GDP and the current account. The indicators must also be reviewed and renewed at least once a year in order to prevent in future situations such as arose in Ireland where out-of-date indicators made early detection of the approaching crisis impossible. Where a macroeconomic imbalance is found to exist in a Member State, recommendations would be drawn up for that state to fulfil within a given deadline, involving interested persons, including social partners, where necessary."@en1

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