Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-24-Speech-3-080"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-11-24"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the European Council meeting (28-29 October) and economic governance (continuation of debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20101124.6.3-080"2
lpv:hasSubsequent	lp_eu:2010-11-24-Speech-3-0812
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	"Both Greece and Ireland have had to turn to the European Union for assistance. However, there are some distinctions to be drawn between the two cases: The Irish deficit exploded because the country had to stem the problems in the banking sector, which was in crisis due to the repercussions of the global financial crisis, exacerbated by the bursting of the property bubble. This intervention, at a time of structural crisis, meant that the public finances could no longer sustain such a situation. In Greece, on the other hand, the reason for the intervention is the somewhat reckless management of public expenditure, which made a cash infusion from the sale of government bonds necessary. In the light of the reform of economic governance, the following observation needs to be made. We must certainly implement rigorous budgetary policies to monitor and ensure that similar situations do not arise in the future. Anyway, these two cases demonstrate how essential it is to be mindful of all the factors relating to the finances and solidity of a country, and not only structured public debt. Indeed, this can only represent the final figure, but we need to check the elements and the causes behind it and find out how the situation came to be."@en1

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