Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-065"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-09-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the European Council meeting (16 September 2010) (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20100922.3.3-065"2
lpv:hasSubsequent	lp_eu:2010-09-22-Speech-3-0662
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; EPP (2009-11-25--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 substitute; LIBE (2009-07-16--2012-01-18)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"A crisis such as the one we are currently experiencing must never happen again. Europe’s new economic governance, however, must take into account not only the level of government debt, but also its sustainability in the medium to long term. Private debt and the sustainability of social security systems are just as important as government debt as such for the stability of public finances. Indeed, countries which had controlled government debt have plunged into a deep crisis precisely because of the serious indebtedness of families and companies, while countries with high government debt, such as Italy, have come through well. Sovereign debt must be placed under control by means of obligations and more incisive and effective monitoring. We do not need, however, new mechanisms to tackle debt that are excessively automatic and pro-cyclical, which risk failing to meet the objective and, if anything, hindering actions to boost economic growth. We do not need sanctions when we are still trying to prevent overruns: it would be almost like passing sentence before the trial. Rather, we must better consider the structural reforms required to stimulate competitiveness and economic growth in Europe. Competitiveness brings economic growth; growth brings more tax revenues and effective financial consolidation."@en1

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