Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-098"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-03-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation of the European Council (19-20 March 2008) - European Economic Recovery Plan - Guidelines for the Member States’ employment policies - Cohesion Policy: investing in the real economy (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20090311.3.3-098"2
lpv:hasSubsequent	lp_eu:2009-03-11-Speech-3-0992
lpv:speaker	lp:Theodor Dumitru Stolojan2
lpv:spokenAs	unknown; Partidul Democrat-Liberal (2008-04-08--2009-07-13)3 member_of_the_bureau; EPP-ED (2008-07-08--2009-07-13)3 member; BUDG (2008-01-14--2009-07-13)3 substitute; ECON (2008-01-09--2009-07-13)3 member; Delegation to the EU-Moldova Parliamentary Cooperation Committee (2008-01-16--2009-07-13)3
lpv:translated text	"In the case of some Member States, including the Baltic States, Romania or Hungary, the financial crisis and global recession have highlighted structural imbalances which have accumulated during the periods of economic growth, based on inflows of direct foreign investments and external debt at rapid rates. Any EU economic recovery plan must take into account that these countries need considerable external financing to be able to cover the deficit in the trade in goods and services. Failing this external financing, the countries in question are destined for huge, abrupt adjustments which will wipe out the welfare benefits acquired during previous years, will weaken cohesion within the EU, and may even jeopardise stability in the area. The Council and European Commission have a definite responsibility to find solutions to produce the external financing that is required. The Member States in question have the responsibility, by gaining time through the external financing obtained, to carry out the structural reforms which will correct the accumulated imbalances."@en1

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