Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-20-Speech-4-982"
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"en.20100520.16.4-982"2
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"I voted in favour of the resolution, as adopted by the Committee on Economic and Monetary Affairs of the European Parliament. The long-term sustainability of our public finances is fundamental today to the credibility of European economic and fiscal policy. The Greek crisis has proven that. Faced with the markets and credit rating agencies, the public powers need to demonstrate that they are responsible. This is also a necessity imposed by the demographic reality of today and the coming years. I therefore firmly rejected the positions advocated by the rapporteur, Mr Liem Hoang Ngoc, calling for the public deficit policy to be maintained. We must assume today that the public finances of numerous Member States are not sustainable and have the courage to remedy that. Our boat is taking on water. Even if it is not yet sinking, it is high time we started bailing."@en1
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