Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-041-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-11-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic governance2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20111116.5.3-041-000"2
lpv:hasSubsequent	lp_eu:2011-11-16-Speech-3-042-0002
lpv:speaker	lp:Nikolaos Salavrakos2
lpv:spokenAs	unknown; Popular Orthodox Rally - G. Karatzaferis (2009-10-14--2014-06-30)3 member; AFET (2009-10-21--2012-01-18)3 vice-chair; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-11-25--2014-06-30)3 substitute; PECH (2009-10-21--2012-01-18)3 member; PETI (2009-10-21--2012-01-18)3 member; EFD (2009-10-14--2014-06-30)3
lpv:translated text	"Mr President, I fear that the results of the last summit failed to persuade the markets that the European rescue fund is alive and kicking. Interest rates have risen and both the euro and stock exchanges have fallen. Although I believe that the measures proposed are a step in the right direction, I worry about the reticence to use the basic instrument of quantitative easing, which could be used to finance the European Financial Stability Facility which could, at the same time, guarantee Eurobond issues. At the same time, it would motivate private individuals to participate in the programme. I think that, in order to rebalance the volume of money in circulation, which was upset by quantitative easing by the United States, the Union could comfortably print new money in excess of EUR two trillion. I think that would limit attacks by the so-called markets. To put it simply, I fail to understand how a stockbroker’s agent can produce money by increasing the price of a share and an entity such as the European Union cannot do likewise."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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