Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-456-250"
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"en.20110623.37.4-456-250"2
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Within the context of the reform of the Stability and Growth Pact and in the light of the various innovations introduced and of the greater collaboration between European institutions, national parliaments and governments, the Ford report on requirements for budgetary frameworks is vital since it sets minimum requirements for public accounting systems, central and local public finance statistics and multiannual planning. Transposition of the directive does not necessarily mean that its provisions have to be formally integrated into national legislation (through a law for example). An administrative act will therefore also suffice, as long as it can guarantee that the directive will be applied transparently. I hope that this will result in the directive being implemented more quickly. I hope that Parliament will reach a final agreement and approve the entire governance package as quickly as possible, in order to send a strong and unified message to the public and the markets and to stop speculation."@en1
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