Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-434-000"
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"en.20110623.37.4-434-000"2
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"As Swedish Social Democrats we view the broad package of reforms for stronger economic governance within the EU as an important tool for creating order in the European economy. A tighter Stability and Growth Pact, increased requirements for transparency and discipline in the national budgetary frameworks and a new system for preventing economic imbalances are all key elements in the work to stabilise state finances and the financial market.
The fact that we have chosen not to vote in favour of five out of the six reports today is not because we are against stricter regulations. On the contrary, we believe that stricter regulations need to be put into place quickly. The purpose of our voting strategy was instead to send a clear signal that certain trends in the package for introducing austerity measures that are far too extensive ought to be exchanged for a more balanced approach in the final negotiating rounds. Regulations that do not provide sufficient scope for forward-looking investments and sound growth cannot be sustainable in the long term."@en1
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