Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-142-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-01-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20120118.19.3-142-000"2
lpv:hasSubsequent	lp_eu:2012-01-18-Speech-3-142-5002
lpv:speaker	lp:Bas Belder2
lpv:spokenAs	chair; Delegation for relations with Israel (2009-09-17--2014-06-30)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	". I do not support the motion for a resolution on the draft agreement, because it refers to evolution towards an economic and budgetary union. While agreements are necessary to greatly increase the competitive ethos of weak Member States, talking of an economic and budgetary union is taking things a step further. In addition, the European Parliament has called for a roadmap for Eurobonds. I can support that even less. This reduces the incentive for budgetary discipline, because it allows countries in difficulty to continue financing themselves at too low an interest rate. In Greece, interest rates that are too low have contributed to an influx of money which has proved impossible to repay, because of a lack of competitive ethos. That is why I am not in favour of the Eurobond. Moreover, it would be very expensive for countries that are currently able to lend at a low rate because of their strong budgetary discipline. Incidentally, I welcome the new agreement which is intended to help strengthen budgetary discipline. This is a step in the right direction, for two reasons: in their national laws, participating countries will commit themselves to balancing their budgets or producing a surplus and, eventually, the discipline will be tightened, thanks to a standard of 0.5% of gross domestic product for the budget deficit in the medium term."@en1

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