Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-050-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-06-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic and budgetary surveillance of Member States with serious difficulties with respect to their financial stability in the euro area - Monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20120612.5.2-050-000"2
lpv:hasSubsequent	lp_eu:2012-06-12-Speech-2-051-0002
lpv:speaker	lp:Antolín Sánchez Presedo2
lpv:spokenAs	substitute; PECH (2012-01-19--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; Delegation for relations with South Africa (2012-02-13--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 unknown; Partido Socialista Obrero Español (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, the growing economic interdependence of the operation of economic and monetary union and the response to the crisis require that we strengthen the economic governance of the European Union. The two regulations that make up this ‘two-pack’ are aimed at promoting budgetary cooperation and preserving the financial stability of countries with serious difficulties or which request or require financial assistance programmes. The rules of economic governance have so far been unbalanced and do not provide sufficient legitimacy. More emphasis has been placed on supervision rather than on cooperation, on sanctions rather than on incentives, and on the intergovernmental method rather than on the community method. This approach has proved to be ineffective. This package should rebalance it. It should rebalance it and bring efficiency to it, as well as legitimacy, thus promoting cooperation, fostering a focus on growth and employment, and ensuring greater democratic involvement. That is the intention of the amendments presented in the package. I believe that the Ferreira report makes significant progress. This is because it introduces a mandate with a road map towards eurobonds, establishing a sustainable growth instrument in the euro area – including an increase in European Investment Bank capital and bonds for projects – and the creation of a redemption fund that must be applied without discrimination. I believe that the mandate should also incorporate and identify the investments required in order to fulfil the Europe 2020 strategy, because if we want fiscal discipline, we have to talk about quality of spending. It also needs to be pointed out that these reports have strengthened the effects of the economic policies of one Member State on the other Member States and the protection of fiscal income. They have also introduced the social clause and consider the role of social partners and civil society. In my view, what is missing is the role of Parliament. When there are Member States, as in the case of Spain, that have asked for the assistance programme, which are therefore going to be subject to increased supervision, I think there is a need to ensure democratic control so that its people are completely aware of the conditions being imposed on them and how the burden is being distributed."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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