Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-098-625"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-06-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic and budgetary surveillance of Member States with serious difficulties with respect to their financial stability in the euro area - Monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (debate)2
dcterms:Language	"lv"^^xsd:language2
lpv:document identification number	"en.20120612.5.2-098-625"2
lpv:hasSubsequent	lp_eu:2012-06-12-Speech-2-098-7502
lpv:speaker	lp:Kārlis Šadurskis2
lpv:spokenAs	substitute; Delegation for relations with India (2011-12-14--2014-06-30)3 member; Delegation for relations with South Africa (2011-12-14--2014-06-30)3 unknown; Pilsoniskā Savienība (2011-12-01--2013-03-25)3 member; ENVI (2012-01-19--2014-06-30)3 substitute; LIBE (2012-01-19--2014-06-30)3 member; EPP (2011-12-01--2014-06-30)3
lpv:translated text	"Adoption of the so-called ‘two-pack’ is an important step towards strengthening the economic governance framework within the euro area. The ‘six-pack’, complemented by the ‘two-pack’, is the badly needed ‘medicine’ to achieve further economic growth, financial stability and stronger budgetary discipline. Unfortunately, now we are learning the hard way about the dramatic effects of Member States’ excessive debt. The ‘two-pack’ is needed in order to put in place the legal framework for the work the European Commission is already performing as it is closely linked with the ‘Fiscal Compact Treaty’. Our future growth is dependent on sustainable public finances and budgetary discipline rather than on creating new debt and deficit. Austerity measures should be seen as a stable foundation for future growth in Europe as they are not mutually exclusive concepts. Take, for example, the case of Latvia – the country which, during the crisis, had the greatest budgetary consolidation (17% of its GDP) in the EU and now is the fastest growing economy in the EU27. In the long-term, stability and growth in the euro area are the most crucial factors and stimulus for other EU countries to join in the upcoming years."@en1
lpv:unclassifiedMetadata	"Kārlis Šadurskis (PPE ),"1 "in writing."1

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