Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-442-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20110623.37.4-442-250"2
lpv:hasSubsequent	lp_eu:2011-06-23-Speech-4-442-5002
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; EPP (2009-11-25--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 substitute; LIBE (2009-07-16--2012-01-18)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"− First of all, I wish to congratulate Mr Feio on his excellent report. I believe that the ratio of debt to GDP should be reduced at a ‘satisfactory pace’. In this sense, the differential between current government debt and the 60% reference value should be reduced by one-twentieth per year. I welcome Mr Feio’s amendment to the initial Commission proposal, according to which the reduction should be calculated at an average rate of one-twentieth per year over the previous three years. I also agree that the assessment of compliance with this condition should begin three years after the closure of the excessive deficit procedures currently under way. Above all, I welcome the fact that, when applying the regulation on government debt, the Commission will have to take into account ‘all other relevant factors’, in particular private debt, and other important factors allowing for an overall assessment to be made. I hope that Parliament will reach a final agreement and approve the entire governance package as quickly as possible, in order to send a strong and unified message to the public and the markets and to stop speculation."@en1

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