Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-057-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic crisis and the euro (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20110914.3.3-057-000"2
lpv:hasSubsequent	lp_eu:2011-09-14-Speech-3-058-0002
lpv:speaker	lp:Andrew Henry William Brons2
lpv:spoken text	"Mr President, interest rates in the eurozone cannot be appropriate for economies in very different states of health. Interest rates are too high for southern European countries that are in recession, because they have been raised to curb inflationary pressures in Germany. This has exacerbated the recession and led to falling government revenues and increased government debt. Furthermore, the percentage return, or coupon, on sovereign bonds has had to be higher because of diminished confidence and fear of default. The ECB was already buying small countries’ sovereign debt and has recently started to buy Spanish and Italian bonds to instil confidence. While this might postpone the crisis, there is a real danger that the ECB will purchase bonds the market value of which will eventually fall, as has occurred with the bonds from Greece, Ireland and Portugal. And even an institution like the ECB cannot survive a massive fall in the assets on its balance sheet without huge recapitalisation at the expense of taxpayers in the eurozone and outside it."@en1
lpv:spokenAs	member; NA (2009-07-14--2014-06-30)3 member; AFCO (2009-07-16--2012-01-18)3 substitute; LIBE (2009-07-16--2012-01-18)3 unknown; British National Party (2009-07-14--2012-10-16)3 member; Delegation to the EU-Croatia Joint Parliamentary Committee (2009-09-16--2013-06-30)3
lpv:unclassifiedMetadata	"Andrew Henry William Brons (NI ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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The resource appears as object in 2 triples

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