Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-095-750"

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"en.20120313.6.2-095-750"2
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"I welcome the intergovernmental agreement on fiscal discipline concluded by 25 of the European Union’s Member States. In the long term, this agreement can stabilise European monetary union and strengthen economic governance. I hope that the Member States participating in the agreement will, as soon as possible, ratify it and implement it in formulating their budgets. Only in this way will we be able to restore the confidence of the international financial markets in the European Union and secure the preconditions for economic growth and new jobs. The agreement complements the Stability and Growth Pact, the ‘six-pack’ of EU economic governance adopted last year, which includes five regulations and one directive, and the recently concluded agreement on the establishment of a European Stability Mechanism. Together with the upcoming ‘two-pack’, namely, the regulations which will lay down monitoring of the formulation of the euro area Member States’ budgets, this will really strengthen economic governance in Europe."@en1

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