Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-196-000"
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"en.20111201.35.4-196-000"2
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"Mr President, ladies and gentlemen, one of the effects of the economic crisis has been the increase in inequalities, macro-financial imbalances and disparities in terms of competitiveness. These problems have shown that the EU must address macro-economic imbalances on the basis of a symmetrical approach that tackles both excessive deficits and excessive surpluses, thereby ensuring closer coordination of economic and budgetary policies and better budgetary monitoring.
The experience gained from the introduction of the euro and the mistakes made during the first 10 years of the functioning of economic and monetary union have highlighted the need for more effective economic governance of the EU, governance that should be based on greater 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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