Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-07-Speech-2-056"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-09-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:State of the Union (debate)2
dcterms:Language	"hu"^^xsd:language2
lpv:document identification number	"en.20100907.4.2-056"2
lpv:hasSubsequent	lp_eu:2010-09-07-Speech-2-0572
lpv:speaker	lp:Edit Herczog2
lpv:spokenAs	member; Delegation to the Euronest Parliamentary Assembly (2009-12-14--2014-06-30)3 substitute; BUDG (2009-12-14--2012-01-18)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; ITRE (2009-12-14--2012-01-18)3 treasurer; S&D (2009-07-14--2014-06-30)3 substitute; CONT (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 unknown; Magyar Szocialista Párt (2009-07-14--2014-06-30)3
lpv:translated text	"It is good news that the current economic situation of the eastern Central European region is now also receiving a more favourable assessment. However, it would be premature to believe that the crisis is now completely behind us. Hungary’s economic prospects have also improved. At the same time, the evaluation of the country’s current economic situation has somewhat deteriorated. Expectations of inflation over the next six months have increased. Correspondingly, Hungary is the only country in which short-term interest rates are not expected to fall for some time. This unfavourable tendency is further intensified by the rise in the value of the Swiss franc, since the majority of mortgages are denominated in this currency. Every state in the region is now introducing spending cuts which place heavy burdens on social conditions. Expectations are that the Czech Republic has the best chance of success. Forecasts regarding Hungary, however, are cautious: evaluations show that the chances of Hungary’s cutback package succeeding are low. A thorough examination of the proposal submitted to the EU President by the nine Member States is an important issue for the region’s countries. The proposal submitted points out that national debt calculations should reflect accurately the costs of pension system reforms already adopted. The Commission’s Green Paper on pensions, taking as its starting point the unfavourable demographic trends in Europe, urges a pension system reform, and yet the current methodology places Central European countries which are already introducing such reforms at a disadvantage. I call on the European Parliament to follow closely the developments in this regard."@en1

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