Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-577-000"
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"en.20110511.35.3-577-000"2
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"Mr President, the sovereign debt crisis requires a European response: a response that looks at each specific situation, that defends the euro to make it strong, and that defends the Member States. That is why the series of proposals on economic governance currently being debated in the European Parliament are particularly important.
Parliament has been helping to ensure that positive steps towards intelligent debt management are taken. It has been advocating a reasonable transition period; arguing that the necessary reduction in debt should not be made year on year but using a three-year average; advocating the need for budgetary discipline; arguing for the need for growth and increased transparency in European policy through debates in the European Parliament; and advocating the necessary solidarity. This solidarity is what has just happened with Portugal.
I should like to say something to you as a Portuguese. Portugal has a 900-year history. Portugal is capable. Portugal is capable of putting its public accounts in order with discipline. Portugal is capable of reforming its banking system; it is capable of reforming its labour market; it is capable of making its tax system more competitive; and it is capable of using innovative measures to reform its health and justice systems. Portugal is capable of having a civil service that is more efficient and controlled. Portugal is capable of having a liberalised economy that is successful and more competitive.
Fundamentally, however, Portugal is capable of participating in the European project; of participating and of helping to resolve whatever challenges there will be in the future. For this very reason, we are very happy in the Union and want to help it become progressively stronger."@en1
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