Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-094-000"
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"en.20120313.6.2-094-000"2
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"At the last summit, the majority of Member States signed the budgetary pact intended to ensure the stability and an even closer coordination of the economic and monetary union. This not only marks the conclusion of another intergovernmental agreement but also the end of an immensely long process to which the European Parliament contributed with exceptional support and expertise. However, it is essential that besides common economic policy regulation, which definitely provides a clear background for Member State budgetary policies, the European Union should, in future, evaluate Member State efforts towards common economic governance in a transparent manner, using quantitative criteria laid down in the Stability and Growth Pact. The Council conclusions, too, state that budgetary consolidation must be implemented in light of the Member States’ specific circumstances, but in a differentiated manner. It is therefore unacceptable for the performance of certain Member States to be unjustly evaluated on the basis of subjective criteria, while failing to recognise that in the medium and long term, the focus of economic policy trends in the Member State in question has always been to avoid austerity measures and to pursue commonly established goals, that is, reduce the budget deficit and gradually curb sovereign debt. If we operate the economic policy system that we have successfully established in an irresponsible manner by unduly discriminating between Member States and continuously inciting tensions, we jeopardise the credibility of the entire European institutional system and the sustainability of common economic governance."@en1
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