Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-037"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-12-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparations for the European Council meeting (16-17 December 2010) - Establishing a permanent crisis mechanism to safeguard the financial stability of the euro area (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20101215.5.3-037"2
lpv:hasSubsequent	lp_eu:2010-12-15-Speech-3-0382
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	"Mr President, ladies and gentlemen, we all agree on the need to create an instrument that is able to intervene in the event of a crisis. This instrument must necessarily be linked to rigorous and careful budgetary policies in the Member States. I hope this will mean that crises like the one we are experiencing in these months will not be repeated. Today's debate hinges on the best way to finance this instrument. As we are all aware, the private sector was partly responsibile for the crisis in some countries, and in such cases it is right that they should shoulder some responsibility, though their share should be assessed on a case-by-case basis. However, I think we need to find new and innovative ways to finance the anti-crisis instrument. One example could be eurobonds, which some see as a new burden on national budgets. However, this is not the case. On the contrary, by issuing eurobonds the anti-crisis instrument could be financed through the market, drawing on foreign capital and people looking to invest. A mechanism based solely on pro-rata contributions made by simply appropriating reserves would amount to a great burden for the Member States, which would have to find resources and capital to deposit that would not, however, bring any yield or return. In a situation like the present, in which Member States are asked to implement severe budget policies to reduce deficits and debts as well as to pay contributions to participate in the anti-crisis fund, there is a real risk of collapse. The European economy cannot be revitalised unless, at the same time, we use the strength of the euro on international markets and the resulting improved credit rating to heal it."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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