EUROPA - EU law and publications - EUR-Lex - EUR-Lex - 12016E121 - EN - Consolidated version of the Treaty on the Functioning of the European Union PART THREE - UNION POLICIES AND INTERNAL ACTIONS TITLE VIII - ECONOMIC AND MONETARY POLICY CHAPTER 1 - ECONOMIC POLICY Article 121 (ex Article 99 TEC)

The European Parliament's security policy forms an integral part of its general internal management policy and is thus based on the principles governing that general policy.

(5a) Overreliance on external credit ratings occurs when financial institutions and institutional investors rely solely on ratings issued by credit rating agencies while neglecting their own due diligence and internal risk management obligations.

1. Stresses that, for the European Union (EU) to be a credible actor in external relations, it must act consistently, in accordance with Treaty and acquis obligations and avoid double standards between its human rights policy and other external policies, between internal and external policies, and in the conduct of its relations with third countries, combining this approach with the challenge of developing the human rights Country Strategy Papers and implementing action plans, which must also cover democratisation, reflecting the specificity of each country as regards impact, and making full use of the EU's relevant instruments;

There are a number of policy areas involved here – budgetary policy, policy in the judicial sphere, in relation to internal affairs – but the most important one for me is foreign policy.

I therefore believe that the entire social inclusion policy, the policy focusing on female employment and the reference made to young people are key elements in a strongly cohesive social policy and, at the same time, in an economic growth and development policy for our Europe. As my fellow group member pointed out, Europe in its new shape must today take steps to reduce its differences, by appealing to every Member State to promote a policy of cohesion and internal integration from this outlook.