Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-057-000"

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	"de"^^xsd:language2
lpv:document identification number	"en.20120612.5.2-057-000"2
lpv:hasSubsequent	lp_eu:2012-06-12-Speech-2-058-0002
lpv:speaker	lp:Werner Langen2
lpv:spokenAs	member; Conference of Delegation Chairs (2009-09-30--2014-06-30)3 member; EPP (2012-02-03--2014-06-30)3 substitute; ITRE (2012-01-19--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 chair; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-30--2014-06-30)3 unknown; Christlich Demokratische Union Deutschlands (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, the European model for economic and monetary union is based on the central monetary policy of the European Central Bank and the decentralised budgetary and finance policies of the Member States. The Member States have failed because they did not live up to their commitments – and the same applies to the Commission, which failed to monitor the same. The financial markets have forced Europe to put in place diverse solidarity measures, namely, the European Semester, the ‘six-pack’, the European Financial Stability Facility (EFSF), the European Stability Mechanism (ESM) and European supervision. However, nobody can relieve the nation states, their parliaments and governments of their responsibility. The communitarisation of debt fosters sloppiness and not solidarity, penalises those with higher taxes and interest rates, those who are competitive and who have done what they were supposed to do in accordance with treaty commitments. eurobonds, a debt redemption fund, blue bonds or red bonds are a mistake, as well as being expressly prohibited under Article 125 of the Treaty on the Functioning of the European Union. Without treaty changes, they are impermissible. Commissioner Rehn has said that proposals will be on the table as soon as tomorrow. When it comes to the responsibility of the Commission, I would like to conclude with a quotation from the former chief economist of the European Central Bank, Otmar Issing, who said, ‘How can we expect objective and effective supervision from the European Commission when it is an institution that itself repeatedly participates in initiatives that violate the Treaties or covers up problems, rendering their resolution more expensive?’"@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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