Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-071-000"

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	"pl"^^xsd:language2
lpv:document identification number	"en.20110914.3.3-071-000"2
lpv:hasSubsequent	lp_eu:2011-09-14-Speech-3-071-5002
lpv:speaker	lp:Sławomir Nitras2
lpv:spokenAs	unknown; Platforma Obywatelska (2009-07-14--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; PECH (2009-07-16--2012-01-18)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with Afghanistan (2009-09-16--2011-09-28)3
lpv:translated text	"Everyone in Europe realises that the EU finds itself at a turning point in history. The debt crisis is a threat not only to national economies, but has also revealed the weakness of the EU’s institutional architecture. In this situation, the Union must act effectively on two fronts – the institutional and the economic. The crisis has exposed the weakness of a crisis management system which has many actors. It is difficult, today, to say unequivocally who takes decisions and who takes responsibility for them – we are seeing the phenomenon of dispersal of responsibility. The effect of this is a multiplicity of conflicting announcements. It seems that effective management is possible today only at EU level, because only such a strategy will allow us to avoid fragmentation of the Union or – in the worst case – the appearance of a two-speed Europe. Institutional reform would allow EU bodies to rebuild their credibility and restore faith in the process of integration. In the European Parliament we have said a lot about debt in relation to national economies. We must, however, remember that debt is not only the cause of the crisis, but is also a consequence of it. A rise in debt is not dangerous as long as it is accompanied by economic growth. If it were not for the lack of competitiveness which has emerged in the permanently weak economic growth of some countries, no one would be talking about a crisis today. What we need is reforms which allow a fall in debt but which also ensure the long-term financing of growth. The stability of public finances is not enough in the long-term perspective; we need sustainable economic growth."@en1

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