Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-031"

PredicateValue (sorted: default)
rdf:type
dcterms:Date
dcterms:Is Part Of
dcterms:Language
lpv:document identification number
"en.20100519.3.3-031"2
lpv:hasSubsequent
lpv:speaker
lpv:spokenAs
lpv:translated text
"Mr President, this is probably the most serious crisis that has ever confronted Europe, which is why urgent action is needed; we have to take decisions, and good decisions at that, and we cannot wait until October. The rescue plan was the first decision taken and it was probably taken too late, but better late than never. Now, we must urgently follow it up with the establishment, in the long term, of a real European monetary fund, a European bond market and a European rating agency, because as we all know, the single currency will not be able to operate without budgetary, tax, economic and political convergence. Moreover, until Europe indicates that it wishes to be governed, the markets and speculators can quite simply take the reins. There is a lot of talk about economic governance, but perhaps we should concentrate on the issue of the actual governance of the European Union, which has been lacking recently. In my opinion, we should set two targets. Yes, of course the debt has to be reduced, but we must reduce it in a realistic and credible way and, at the same time, we must obtain those margins for manoeuvre and implement the reforms needed to prepare for the future. We must do both things at the same time. That is why it is vital to create synergies between the national budgets of Member States – I would have preferred the Commission to have expressed it in these terms – which is why it is probably vital to reform our tax system and to direct it more towards development and growth and to harmonise it. There will no monetary union unless there is budgetary, economic and political convergence."@en1
lpv:videoURI

Named graphs describing this resource:

1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

The resource appears as object in 2 triples

Context graph