Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-14-Speech-3-075-000"

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"en.20111214.6.3-075-000"2
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"Madam President, I think the Commissioner explained very well why we need this macro-economic surveillance. The economic crisis proved that macro-economic imbalances can also put the European economy at stake, despite sound – or at least fairly sound – public finances. I also think that we did a fairly thorough job in this House of working on the macro-economic surveillance part. In my view, we achieved a very good overall result, and this is now the practical implementation of that result. Personally, I am convinced by the work done by the Commission (my group is also very supportive) and the initial proposal on the table. I think it is important to note that this is just the starting point of macro-economic surveillance. Some have wanted to give this scoreboard too large a role in the overall process. We should remember that the scoreboard is designed as an alert mechanism. The actual macro-economic surveillance and assessment will be done through in-depth studies, where we will then assess whether there is a problem that has to be addressed. Another issue that should be mentioned is the fact that the ownership of this process should not be in the Commission. I have no doubt that the Commission wants to own it, but the fact of the matter is that the ownership should and will be in the Member States. The Member States will be the ones who have the ownership of working with a possible macro-economic imbalance, together, of course, with the good guidance and good advice of the Commission. But the ownership of the process will, and should be, in the Member States. That is the only way for this process to work, and this is something we should emphasise. Finally, I think we should all be happy with the fact that the ‘six-pack’ legislation, which this was a part of, came into force this week. This is an important step in solving the crisis. We should all be happy about this and about the fact that the Commission is taking this work very seriously."@en1
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