Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-456-187"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20110623.37.4-456-187"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The coordination and surveillance of economic policies in the economic and monetary union must be efficient and effective. In order to achieve this objective, fiscal responsibility must be encouraged among the Member States. We urgently need to set at least minimum requirements for national frameworks and to ensure the effectiveness of the excessive deficit procedure. Member States must follow prudent and purposeful fiscal policies in good times to build up the necessary buffer for bad times. I agree with the proposal that numerical fiscal rules for Member States with a derogation should contain specifications that address the target definition and scope of the rules, monitoring and consequences in the event of non-compliance. I believe that it is appropriate for medium-term budgetary frameworks to include procedures for establishing an opinion as to how the proposed measures will affect the long-term sustainability of the public finances. Furthermore, it is appropriate to apply escape clauses, which would determine cases where temporary non-compliance with the rules should be permitted."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples