Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-125-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-09"^^xsd:date2
dcterms:Is Part Of	lp_eu:Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (debate)2
dcterms:Language	"lv"^^xsd:language2
lpv:document identification number	"en.20110309.7.3-125-000"2
lpv:hasSubsequent	lp_eu:2011-03-09-Speech-3-127-0002
lpv:speaker	lp:Sandra Kalniete2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2009-09-16--2014-06-30)3 member; IMCO (2009-07-16--2012-01-18)3 unknown; Pilsoniskā Savienība (2009-07-14--2013-03-24)3 vice-chair; Delegation for relations with Japan (2009-09-30--2014-06-30)3 substitute; AGRI (2009-07-16--2012-01-18)3
lpv:translated text	". In the last few years, the euro has experienced several shocks, which would possibly have destroyed another currency. The actions of EU leaders, albeit they have not always been sufficiently swift or convincing, have enabled the euro to be defended. The situation is still fraught with difficulty, but I am convinced that Europe will overcome this crisis and become economically more powerful. This crisis has revealed the EU’s weak spots and more clearly shown what amendments are necessary to European Union legislation, including the Treaty on the Functioning of the European Union, with respect to the stability mechanism for euro area countries. I am convinced that the establishment of the European financial stabilisation mechanism (EFSM) is one of the most important steps that can be taken for the EU to avoid serious economic crises in the future. Of course, the establishment of the EFSM will not solve all problems, which is why it is important that governments recognise their responsibility for compliance with the Maastricht criteria, and implement a sensible, well-considered economic and monetary policy based on long-term objectives. We cannot afford a repetition of the scenarios of recent years, when Member States pursued ‘foot hard down on the accelerator’ economic policies, disregarding the Maastricht criteria and breaking other fundamental laws of economics. The euro is not only a currency; it is a political covenant, demonstrating the EU’s ability to be united in diversity. The euro is the guarantee of European stability, growth and unity. That is why I do not have the slightest doubt that we shall be able to be sufficiently clear-sighted and wise to overcome this crisis and give a new stimulus to development."@en1

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