We therefore consider the ‘six-pack’ to be a missed opportunity to put genuine economic governance in place.

– (HU) Mr President, I am grateful for the hard work of the rapporteurs, advisors, the Hungarian Presidency and everyone who made it possible for us to have the ‘six-pack’ of economic governance here in this form today.

Referring to the emerging integrated budgetary framework, the CoR President called for suitable budgetary policies in order to make sure that new arrangements such as the Fiscal Compact Treaty and the so called 6 and 2 packs on economic and fiscal governance will not compromise local and regional self-government in the Member States.

Let me put it this way: if we fully use all our tools: the six-pack, the forthcoming two-pack, the European Semester with its Country Specific Recommendations, the new Macroeconomic Imbalance Procedure and the Treaty on Stability Coordination and Governance.. then we will have already taken a major step towards fiscal and economic union!

5. Recalls the Commission's declaration attached to Parliament's resolution of 28 September 2011 on the proposal for a regulation of the European Parliament and of the Council on the prevention and correction of macroeconomic imbalances (‘six pack’) , which stated that ‘macroeconomic surveillance covers countries with current account deficits and surpluses with appropriate differentiation as regards the urgency of policy responses and the type of corrective actions required’; points out that this declaration paved the way for a final agreement on the ‘six pack’; invites the Commission to remain fully committed to it; maintains that an ...[+++]y conclusions that may be reached by the Council cannot limit the Commission's legal rights in this respect;

5. Recalls the Commission’s declaration attached to Parliament’s resolution of 28 September 2011 on the proposal for a regulation of the European Parliament and of the Council on the prevention and correction of macroeconomic imbalances (‘six pack’), which stated that ‘macroeconomic surveillance covers countries with current account deficits and surpluses with appropriate differentiation as regards the urgency of policy responses and the type of corrective actions required’; points out that this declaration paved the way for a final agreement on the ‘six pack’; invites the Commission to remain fully committed to it; maintains that any ...[+++] conclusions that may be reached by the Council cannot limit the Commission’s legal rights in this respect;