Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-348-000"

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"en.20111116.20.3-348-000"2
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"I would like to welcome everyone to the afternoon period of our sitting. Prior to commencing our proceedings a legislative procedure will take place, namely the signing of a legislative act. This is standard practice in the case of an ordinary legislative procedure. The act is signed by the President of the European Parliament and the representative of the Presidency acting on behalf of the Council. On this occasion, the act that we are signing is extremely important as it concerns economic governance. We also spoke about it this morning and, undoubtedly, we will speak about it on many more occasions. These decisions are key to the future of Europe. The act will be signed by Minister Szczuka, on behalf of the Council; the European Commission is represented by Vice-President Rehn; we are also grateful to the Commissioner for being here with us. I would now like to read a declaration which is important for the signing of this act, as it relates to the fulfilment of all the provisions, which we have established together during our negotiations. I will read it in English, as I do not have the translation, and it is important that the content is expressed precisely, in the manner which the European Parliament desires for such declarations. As the President of the European Parliament signing this law today, I would like to underline that the Commission’s declaration attached to the Parliament resolution of 28 September on the ‘six pack’ stated that ‘macroeconomic surveillance covers countries with current account deficits and surpluses with appropriate differentiation as regards the urgency of policy responses and the type of corrective actions required’. This declaration paved the way for a final agreement on the ‘six pack’, so we can trust the Commission to remain fully committed to it. Any conclusions of the Council cannot limit the legal rights of the Commission in this respect, including the Ecofin Council conclusions of 8 November on excessive surpluses. The ‘comply-or-explain’ principle is now integrated in the preventive and corrective arm of the Stability and Growth Pact. From now onwards, the Council must either follow the Commission recommendations or explain itself in public in the European Parliament."@en1
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