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 Full text 
Wednesday, 13 June 2012 - Strasbourg Revised edition

Explanations of vote

Text tabled : A7-0172/2012

  Carlo Fidanza (PPE), in writing. (IT) I voted in favour of this resolution. I must say that I am very sad to see the negative repercussions of this social depression, if we can call it that, and I am firmly convinced that we must act promptly to avoid a worsening of the global economy. The Treaty requires economic matters to be seen as an issue of common interest, with policies inspired by the need for healthy finances that cannot compromise the functioning of the economic and monetary union. The Stability Pact itself highlights the need to create incentives for prudent budgets, obviously avoiding excessive public deficits and strengthening surveillance. This surveillance allows us to identify risks as well as possible and take responsibility promptly. As the Commission has said, the EU must take shared responsibility, which I think also involves risk sharing. That is the only way we will be able to ensure coordinated and well monitored budgets.

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