Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-467-187"

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"en.20110623.37.4-467-187"2
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"I believe that appropriate financial sanctions should be imposed on Member States which fail to comply with the fiscal framework of the Union. There must be a gradual differentiation of sanctions in the preventive and corrective parts of the Stability and Growth Pact. The system of sanctions proposed will ensure graduation and equal treatment between Member States, because the interest-bearing deposit, the non-interest-bearing deposit and the size of the fine will all be composed of a fixed component that equals 0.2% of GDP. Furthermore, the Commission will be given the right to recommend reducing the size of a sanction or to cancel it on grounds of exceptional economic circumstances. In order to implement an effective budgetary surveillance framework, it is very important for the Commission to present the European Parliament and the Council with a report on the possibility of introducing Eurosecurities. I do not agree with the proposal that revenues from unused payment appropriations in the Union budget should be carried over into the following year’s Union budget and allocated to programmes conducive to the Union’s priorities. I believe that the tax system must remain under the competence of each Member State, and it is consequently inappropriate to oblige the Commission to put forward a set of proposals on a fully fledged common European system of taxation."@en1

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