Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-293-000"
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"en.20110928.19.3-293-000"2
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"Abstention. The Commission’s legislative package released last September has in this perspective the explicit aim of strengthening surveillance of economic policies and ensuring effective compliance with fiscal consolidation on the one hand, as well as taking proper account of macrofinancial imbalances such as excessive levels of private debt or weakness of internal demand on the other hand. These macrofinancial imbalances have been largely ignored in the framework of the current Stability and Growth Pact, which solely focuses on public deficits and public debt ratios. Although the report as it stands increases transparency and accountability of the budgetary process at the Member State level, still many question marks remain on how Member States are going to interpret it."@en1
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