Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-089-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120313.6.2-089-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, the Treaty on Fiscal Discipline is not concerned with the well-being of its signatories, but with the well-being of the euro and, of course, the project. This so-called ‘treaty’ seeks to impose a fiscal and monetary straitjacket that takes away the sovereignty of voters in Member States and the eurozone. It addresses the problem of sovereign debt, but with inflexible diktats, rather than with practical solutions. Its cure for economic undernourishment is to put the countries of the south on a starvation diet of economic austerity that is reducing incomes and raising unemployment and will make balancing the budget even more difficult. With an overvalued currency, employment is the only thing they can export.
The ailing economies of the south need to leave the eurozone, revert to their own currencies and devalue. That will enable them to enjoy export-led expansion. They also need to reflate their economies by government-directed investment financed by quantitative easing and not borrowing. This would not, of course, be possible within the eurozone."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples