Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-293-250"
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"en.20110928.19.3-293-250"2
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".
I am delighted at the adoption, this lunchtime, of the report on the economic governance package, now referred to, in European jargon, as the ‘six pack’. It represents a decisive vote and a move towards European economic governance and also a more federal Europe. However, this package of measures will not save the euro from its current difficulties.
These structural measures do, nonetheless, draw lessons from the current crisis and from the laxity of budgetary policies over the last 20 years. The Ford report on the strengthening of the Member States’ budgetary frameworks helps to put things back on an even keel and draws lessons, in particular, from the case of Greece.
In essence, it consists in imposing more demanding and more binding rules on Member States when they draft their national budgets. It also requires national statistical institutes to be independent, and provides for penalties in the event of there being any falsification of the figures submitted to the European institutions. This is an urgent requirement, given that we now know the extent to which Greece falsified its statistics when it was joining the euro area in 2001."@en1
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