Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-03-12-Speech-3-697-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2014-03-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Role and operations of the Troika with regard to the euro area programme countries - Employment and social aspects of the role and operations of the Troika (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20140312.70.3-697-000"2
lpv:hasSubsequent	lp_eu:2014-03-12-Speech-3-698-0002
lpv:speaker	lp:Emer Costello2
lpv:spoken text	"Madam President, I want to thank the rapporteurs for their diligent work on these excellent reports. Ireland may have exited the Troika programme but the impact of the previous Irish Government’s mishandling of our economy, coupled with the Troika’s austerity programmes, continues to be felt post-bail-out. Indeed, for those who have become long-term unemployed and for families that have been divided by emigration, the social and economic cost will be felt for years to come. Ireland has lost a quarter of its 20-29[nbsp ]year-olds since 2009. These reports confirm that the Troika gave no consideration to the social impact of the policies in Ireland, Greece, Portugal or Cyprus. Indeed, the Irish Government that took office in 2011 came up against enormous resistance from the Troika in trying to maintain a threshold of decency in social services and to reverse the cut in the minimum wage. Commissioner Rehn, I say to you that the IMF now admits that the Troika used wrong multipliers and underestimated the negative impact of its measures. The decision by the Troika not to allow the Government, when it came into office in 2011, to implement burden-sharing with senior unguaranteed bond-holders left Ireland with an unsustainable debt: a debt-to-GDP ratio of 120[nbsp ]%. I very much welcome the fact that these reports took some of my amendments on board. It is important to recognise that the private losses of Irish banks were unfairly placed as a burden on the shoulders of Irish taxpayers in order to minimise the risk of contagion across the euro area as a whole. There is a call here for the full implementation of the June[nbsp ]2012 commitment to break the vicious circle between bank debt and sovereign debt. Most importantly, the European Council is urged to make good on its commitment of June[nbsp ]2012 to deal with Ireland’s bank debt burden."@en1
lpv:spokenAs	member; Conference of Delegation Chairs (2012-02-29--2014-06-30)3 chair; Delegation for relations with the Palestinian Legislative Council (2012-02-29--2014-06-30)3 member; EMPL (2012-02-15--2014-06-30)3 unknown; Labour Party (2012-02-15--2014-06-30)3 member; S&D (2012-02-15--2014-06-30)3 substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2012-03-06--2014-06-30)3 substitute; DEVE (2012-02-15--2014-06-30)3
lpv:unclassifiedMetadata	"Emer Costello,"1 "on behalf of the S&D Group"1
lpv:videoURI	<go to Events_and_structure europarl>2

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