Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-03-15-Speech-4-073"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-03-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:VOTE2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20010315.5.4-073"2
lpv:hasSubsequent	lp_eu:2001-03-15-Speech-4-0742
lpv:speaker	lp:Josu Ortuondo Larrea2
lpv:spokenAs	member; Delegation for relations with the United States (1999-09-28--2002-01-14)3 substitute; BUDG (1999-07-22--2002-01-14)3 substitute; Delegation to the EU-Cyprus Joint Parliamentary Committee (1999-10-19--2002-01-14)3 unknown; Partido Nacionalista Vasco (1999-07-20--2004-07-19)3 member; G/EFA (1999-07-20--2004-07-19)3 member; Committee on Regional Policy, Transport and Tourism (1999-07-21--2002-01-14)3
lpv:translated text	"Madam President, the reclassification of financial swaps and forward rate agreements has been delayed for more than a year, while the Council of Ministers of Finance of the European Union made it clear when it met that it would not accept the initial proposal from the Commission because, with the method of accounting for these transactions, possible situations of excessive public deficit might not be detected. In order to avoid this dead end, two amendments have been approved so that, in the reports that the Member States have to send to the Commission in accordance with excessive public debt procedure, payments resulting from swaps and forward rate agreements would be considered as financial burdens incorporated into interest or debt servicing. However, from now on, the main amounts of these transactions are going to be considered as financial assets that do not count as public debt, which could enable the net debt, and therefore excessive public debt, to be disguised or hidden, which is unacceptable."@en1

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