Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-12-13-Speech-4-072-000"
Predicate | Value (sorted: default) |
---|---|
rdf:type | |
dcterms:Date | |
dcterms:Is Part Of | |
dcterms:Language | |
lpv:document identification number |
"en.20121213.9.4-072-000"2
|
lpv:hasSubsequent | |
lpv:speaker | |
lpv:spoken text |
"Mr President, the investment famine is forcing millions onto the dole, reducing living standards and relentlessly depressing the domestic economy. The crippling banking debt, loaded onto the shoulders of taxpayers, is freezing country after country out of the sovereign bond market.
The futile policies of austerity not only failed to resolve the problem and the crisis, but are actually making it worse. Banks, which are awash with cash, could simply be instructed to lend for investment and growth, which would provide much-needed social capital, create employment and bring about recovery. The obstacle to growth is not a lack of fiscal discipline. You cannot balance the books with mass unemployment. You cannot cut and tax your way out of that crisis. Only with real and substantial investment and jobs can you return to growth and, in doing so, reduce public deficit to substantial and sustainable levels."@en1
|
lpv:spokenAs | |
lpv:unclassifiedMetadata | |
lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples