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Wednesday, 20 October 2010 - Strasbourg OJ edition

Explanations of vote

Text tabled : A7-0282/2010

  Maria do Céu Patrão Neves (PPE), in writing. (PT) I voted in favour of this report as I believe that: (1) a coherent and transparent framework for multilateral surveillance of macro-economic developments in the European Union and the Member States should be established, ensuring an annual debate between Parliament, the Commission, the Council and representatives from national parliaments on the Stability and Convergence Programmes (SCPs) and the National Reform Programmes (NRPs) and on assessing national economic developments; and that (2) a mechanism should be established at national level to assess the implementation of the Europe 2020 priorities and the achievement of the relevant national targets included in the National Reform Programme in order to support the yearly evaluation by the EU institutions.

I also believe that the rules of the Stability and Growth Pact should be strengthened, with a view to: (1) taking the debt level, debt profile and debt dynamics more strongly into account in the pact of convergence towards Member State-specific Medium Term Fiscal Objectives (MTFOs) to be included in the SCPs; (2) encouraging the establishment of early warning budgetary control mechanisms at national level; and (3) establishing pre-specified and pre-emptive measures within the euro area, both for the preventive and the corrective arm of the Stability and Growth Pact.

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