Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-20-Speech-2-350"
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"en.20100420.12.2-350"2
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"First of all, I would also like to apologise to the interpreters but I am in a somewhat exceptional situation. You could also interpret that I tried to answer all the questions within the timeframe of 20.30.
With respect to the additional question, I think you should go back to the origin of the crisis in your country, which is, in fact, that these imbalances have been created over time. There is a very big imbalance with respect to competitiveness. Wages went up much higher than did competitiveness and this is, of course, in the first instance, also a matter of national policies.
Regarding whether it is better to have closer monitoring, the answer is yes. That is why we are proposing a new scheme for that. You should not forget that in 2002, the European Commission made a proposal that auditors could be sent to a Member State to check the numbers, for example, but it was not accepted by the Member States. So the Commission has always been aware that monitoring was a very important part of the national budgets being compatible with the European Monetary Union, especially in the case of Greece."@en1
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