Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-223"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-02-09"^^xsd:date2
dcterms:Is Part Of	lp_eu:Difficult monetary, economic and social situation of Eurozone countries (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20100209.13.2-223"2
lpv:hasSubsequent	lp_eu:2010-02-09-Speech-2-2242
lpv:speaker	lp:Robert Goebbels2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 vice-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 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Parti ouvrier socialiste luxembourgeois (2009-07-14--2014-06-30)3 member; ITRE (2009-07-16--2012-01-18)3
lpv:translated text	"Madam President, with this all-out attack by a few international banks against the euro, the world is once more confronted with the stupidity and greed of the markets. It is true that the English-speaking countries have never been in favour of the euro. Nevertheless, the euro has become the most stable currency in the world. In fact, the dollar and the euro form a duopoly. A duopoly will always be unstable. There will always be movements between the two currencies. However, if the markets have any sense, they should see that the deficits of the euro area as a whole are well below those of the United States or Japan. While it is true that the new Greek Government has inherited an unenviable budgetary situation, it is clear that, even if Greece were to go bankrupt, which is totally impossible, it would not cause the euro area to break up. The United States Government had just presented a budget showing a USD 1 600 billion deficit. To make up this deficit, Washington has to borrow each day more than USD 5 billion. Greece’s additional annual debt equates to less than one week of the United States’ additional debt. Which country is putting the world’s financial stability in danger? Greece or the United States? Confronted as it is with the stupidity of the speculators, Europe must impose more transparency and more practical regulation on the markets, which really are too greedy, Madam President."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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