Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-396-500"

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"en.20111201.35.4-396-500"2
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"The deepening crisis, inequalities and macro-financial imbalances and disparities in competitiveness have highlighted the need for the Union to tackle macro-economic imbalances more appropriately, coordinate economic and fiscal policies more closely, and improve budgetary surveillance. Several interlinked policies for sustainable growth and jobs should form the basis for an improved economic governance framework. Excessive debt and deficits in some Member States can have profound negative spill over effects on other Member States and on the euro area as a whole. I consider it necessary and important to ensure greater interaction between employment, social and economic policies in the context of the European Semester. These steps should be taken for the benefit of all generations and in a manner fostering democratic accountability, ownership and legitimacy of all actors involved. An essential part of this is the support and full involvement of the European Parliament. The European Semester is an institutional process, under the leadership of the European Union (EU) institutions, of increased coordination across Member States for the implementation of the EU strategy, notably in its macro-economic dimension."@en1

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