Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-060-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-11-30"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparations for the European Council meeting (8-9 December 2011) (debate)2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20111130.14.3-060-000"2
lpv:hasSubsequent	lp_eu:2011-11-30-Speech-3-061-0002
lpv:speaker	lp:Bas Belder2
lpv:spokenAs	chair; Delegation for relations with Israel (2009-09-17--2014-06-30)3 substitute; BUDG (2009-07-16--2012-01-18)3 member; AFET (2009-07-16--2012-01-18)3 chair_of_the_bureau; EFD (2011-05-23--2014-06-30)3 member; Conference of Delegation Chairs (2009-09-17--2014-06-30)3 member; Delegation for relations with Iran (2009-09-16--2012-02-14)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 unknown; Staatkundig Gereformeerde Partij (2009-12-07--2014-06-30)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3
lpv:translated text	". Madam President, the euro area is under pressure. Let us clearly acknowledge that. Drastic intervention by the European Central Bank and the introduction of Eurobonds can only temporarily relieve the pressure on the financial system. Europe should use the time bought with this stopgap measure to address the underlying problems. Firstly, there must be an orderly reduction in the unsustainably high debt levels of governments, the private sector, and, in particular, banks. Secondly, the financial system must be cushioned from the destabilising effects of large differences in economic competitiveness between Member States. The question that now arises ever more urgently is: can the measures that have already been agreed or those that are being discussed in preparation for the European Council of 8 and 9 December adequately address these issues? Will more stringent fiscal discipline and help from the International Monetary Fund be sufficient? I certainly hope so, when it comes to financial stability in the short term, but I have serious concerns about the longer term. The question is whether it is possible to avoid taking steps towards a euro area governed by more stringent conditions: conditions with which I fear a number of Member States would currently fail to comply. Working on the necessary solutions will take time. Perhaps, we might jointly have to undertake a temporary, but thorough, reorganisation of the euro area, in order to ensure greater stability in the financial system and economy in the medium term. That will create good prospects for all the countries of the euro area and for the European Union."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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