Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-20-Speech-4-178"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-05-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20100520.16.4-178"2
lpv:hasSubsequent	lp_eu:2010-05-20-Speech-4-1792
lpv:speaker	lp:George Sabin Cutaș2
lpv:spokenAs	member; Delegation for relations with the Korean Peninsula (2009-09-16--2014-06-30)3,3 substitute; INTA (2009-07-16--2012-01-18)3,3 substitute; Delegation for relations with Iran (2009-09-16--2014-06-30)3,3 member; ECON (2009-07-16--2012-01-18)3,3 member; S&D (2009-07-14--2014-06-30)3,3 unknown; Partidul Social Democrat + Partidul Conservator (2009-07-14--2014-02-25)3,3
lpv:translated text	"Last year, the budget deficit and public debt in the euro area amounted to 6.3% and 78.7% respectively of GDP, which was a much higher level than that set in the Growth and Stability Pact. The Growth and Stability Pact’s limitations have been highlighted in the current crisis, as it has not been an adequate instrument for harmonising national economies. Consequently, I support a review of the Pact and the search for alternative mechanisms for restoring the convergence of the economies within the EU, as well as the setting up of a European public credit-rating agency and closer coordination of Member States’ budgetary and monetary policies. In fact, I regard the decision made last week by the European Central Bank to purchase bonds issued by the governments in the euro area as a positive step. I decided to vote against the final report on the long-term sustainability of public finances as these aspects which I consider as being fundamental to ensuring the single European market’s stability and to maintaining a modern welfare state in Europe have been removed from the report."@en1

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