Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-043-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-12-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the European Council meeting (8-9 December 2011) (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20111213.5.2-043-000"2
lpv:hasSubsequent	lp_eu:2011-12-13-Speech-2-044-0002
lpv:speaker	lp:Mario Borghezio2
lpv:spokenAs	member; EFD (2009-07-14--2013-06-02)3 member; LIBE (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the United States (2009-09-16--2013-06-02)3 unknown; Lega Nord (2009-07-14--2014-06-30)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, I am really afraid that the meagre, disappointing results of the Brussels summit mark an historic moment: the end of the historical inevitability of European unity. That should be a cause for concern, particularly to those who have always shown themselves to be enthusiastic about Europe. The summit was, in fact, a pointless farce that has not calmed speculation, let alone stopped it. One fact certainly makes us realise that investors are afraid of a euro default soon. The European Banking Authority revealed it when it announced that some 40 banks in the European Economic Area have sold EUR 170 billion of credit default swaps (CDS) on Greek, Irish, Italian, Portuguese and Spanish bonds. The soaring CDS market is a sure sign that the markets are afraid of a default, that there is a lack of confidence, that speculation is rising and that investors are waving goodbye to Europe, thus giving speculation free rein. The euro as a currency is heading for disaster, since the markets are tending to reject it. This is the result you have achieved. Congratulations!"@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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