Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-436-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-02-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Feasibility of introducing stability bonds (debate)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20120214.21.2-436-000"2
lpv:hasSubsequent	lp_eu:2012-02-14-Speech-2-437-0002
lpv:speaker	lp:Miguel Portas2
lpv:spokenAs	member; BUDG (2012-01-19--2012-04-24)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2012-04-24)3 substitute; Delegation for relations with Iran (2009-09-16--2012-04-24)3 substitute; Delegation for relations with the Mashreq countries (2009-09-16--2012-04-24)3 member; EUL/NGL (2012-01-23--2012-04-24)3 substitute; ECON (2012-01-19--2012-04-24)3 unknown; Bloco de Esquerda (2009-07-14--2012-04-24)3 member; Delegation for relations with Iraq (2009-09-16--2012-04-24)3
lpv:translated text	"Mr President, while the governments are capable of approving a new treaty at the speed of light, a debate like this on Eurobonds moves forward at a snail’s pace and in a forest of ambiguities. On one hand, we recognise that the euro area finds itself in a unique situation, with the euro area Member States sharing a single currency without a common fiscal policy or a European bond market. In view of this, the problems of the euro are not Greek, Portuguese or Irish, but European, because there cannot be a sound currency without a European budget worthy of the name and there cannot be a sound currency without the ability to issue bonds at that same level. On the other hand, however, the resolution also says that the stability of each country, budgetary stability, is a condition, a pre-condition, of Eurobonds. This is like telling someone who is sick that they only have the right to medicine if they are somehow miraculously cured. This is absurd. It makes no sense. European bonds should be viewed in the long term as a public instrument for financing economies and not as a prize offered to governments for complying with the most ridiculous of agreements so far invented, the treaty reinforcing the Stability and Growth Pact. European bonds should contribute to restructuring the debt of countries in difficulties or the history of the coming years will continue to be written in Greek and founded on large doses of austerity, humiliation and despair."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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