Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-21-Speech-2-602"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-09-21"^^xsd:date2
dcterms:Is Part Of	lp_eu:Draft amending budget No 7/2010: guarantee provided by the European Union in accordance with the provisions of Article 122 of the TFEU – financial assistance to Member States (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100921.21.2-602"2
lpv:hasSubsequent	lp_eu:2010-09-21-Speech-2-6032
lpv:speaker	lp:Marta Andreasen2
lpv:spoken text	"Madam President, tomorrow we will be voting on Draft amending budget No 7, which covers the guarantee that the EU has been asked to provide for the European financial stabilisation mechanism. This mechanism, which makes it possible for the Union to borrow funds in the capital market and then loan to Member States in financial difficulties, implies that if a Member State is not able to reimburse the loan, the European budget would be used to cover the debt. Colleagues, I call your attention to the fact that the guarantors of this financial stabilisation package are actually the Member States, many of which are themselves in the midst of a financial crisis. We are talking about EUR 60 billion. This is not a token. Where are we planning to find the money if the guarantee has to be honoured? How can we vote in favour of such an amending budget when the Commission has not established priorities for spending from the budget in case the European Union is called to honour the guarantee? If we act responsibly in defence of constituents’ interests – even if we are being told that the risk is low – we should vote against this resolution."@en1
lpv:spokenAs	member; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 unknown; United Kingdom Independence Party (2009-07-14--2013-02-25)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; EFD (2009-07-14--2011-05-22)3 substitute; ECON (2009-10-07--2012-01-18)3 member; CONT (2009-07-16--2012-01-18)3 member; BUDG (2009-10-07--2012-01-18)3 substitute; PETI (2010-03-08--2012-01-18)3
lpv:unclassifiedMetadata	"Marta Andreasen,"1 "on behalf of the EFD Group."1
lpv:videoURI	<go to Events_and_structure europarl>2

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