Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-246-375"

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"en.20111215.23.4-246-375"2
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". A few days ago, the ‘six-pack’ came into force. In order to ensure that this legislative package can function as effectively as possible, an appropriate set of macroeconomic indicators need to be identified, as well as associated alert levels which would trigger the application of preventive and corrective mechanisms. These mechanisms would guarantee the possibility of an early detection of external and internal imbalances in the economies of the Member States and enable the European Commission to respond appropriately. The European Parliament’s resolution is a response to the European Commission’s proposal for such indicators, and points to the areas where the Commission's proposal can be improved. Particular attention should be paid to the failure to take adequate account of spillover effects and the dynamics of the unemployment rate. It should also be noted that the European Parliament has not been consulted on this matter, so that the motion for a resolution drawn up by the Committee on Economic and Monetary Affairs is the only effective way for Parliament’s to be heard on this issue. I therefore voted in favour of adopting the motion for a resolution."@en1

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