Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-438-000"

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	"en"^^xsd:language2
lpv:document identification number	"en.20120214.21.2-438-000"2
lpv:hasSubsequent	lp_eu:2012-02-14-Speech-2-439-0002
lpv:speaker	lp:Andrew Henry William Brons2
lpv:spoken text	"Mr President, when it comes to borrowing money, interest is not the only price you pay. Your creditor or guarantor will demand conditions for the loan. Stability bonds might facilitate borrowing by insolvent countries by providing a joint and several guarantee of repayment. However, the real price to be paid by the peoples of ailing countries, rather than their governments, will be even more budgetary constraints, leading to economic depression, greater unemployment, misery, homelessness and even suicide. For Greece, the cradle of democracy, the unelected Commission will determine tax and spending policies that should instead be determined by Greek voters through their elected representatives in their own national parliament. These sacrifices might be worthwhile if they guaranteed prosperity for the ailing countries. However they are locked in a currency that is absurdly overvalued for their economies. They need reversion to their own currencies, which will devalue and then produce export-led recoveries."@en1
lpv:spokenAs	member; NA (2009-07-14--2014-06-30)3 substitute; LIBE (2012-01-19--2014-06-30)3 unknown; British National Party (2009-07-14--2012-10-16)3 member; AFCO (2012-01-19--2014-06-30)3 member; Delegation to the EU-Croatia Joint Parliamentary Committee (2009-09-16--2013-06-30)3
lpv:unclassifiedMetadata	"Andrew Henry William Brons (NI ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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