Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-167-000"

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"en.20111130.16.3-167-000"2
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"The economic crisis has highlighted to us that we need better instruments to correct the macroeconomic imbalances. The European semesteremester for economic governance is intended to evaluate national economic and fiscal policies at EU level before they are adopted. This would provide a structural framework for coordinating Member States’ budgetary and economic policies, in keeping with the Stability and Growth Pact and the EU 2020 strategy. The economic crisis has increased the macroeconomic imbalances and disparities in competitiveness since the introduction of the euro. This has made it necessary for the European Union to tackle these problems using a symmetrical approach which would address excessive deficits as well as excessive surpluses. The enhanced economic governance framework should be based on various inter-linked policies aimed at economic growth and creating sustainable jobs, which need to be coherent with each other, and in particular on an EU strategy for economic growth and jobs. The experience acquired in these last years has highlighted the need for improved economic governance in the European Union, which should be built on stronger national ownership of commonly agreed rules and policies and on a more robust framework for monitoring national economic policies at EU level."@en1

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