Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-027"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-12-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparations for the European Council meeting (16-17 December 2010) - Establishing a permanent crisis mechanism to safeguard the financial stability of the euro area (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20101215.5.3-027"2
lpv:hasSubsequent	lp_eu:2010-12-15-Speech-3-0282
lpv:speaker	lp:Philippe Lamberts2
lpv:spokenAs	member; ECON (2010-09-20--2012-01-18)3 member; G/EFA (2009-07-14--2014-06-30)3 member; ITRE (2009-07-16--2012-01-18)3 unknown; Ecologistes Confédérés pour l'Organisation de Luttes Originales (2009-07-14--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, I very much welcome the call made by Martin Schulz that we try to re-establish the confidence of our citizens and that means telling the truth and not resorting to oversimplification. The first oversimplification consists in saying that eurobonds take responsibility away from the Member States. This is patently false, because no-one has ever asked that the Member States pool 100% of their debts. In any case, under a eurobond scheme, the Member States will still have to go directly to the markets for some of their debts, and there they will be able to judge the quality of their signature, which will be reflected in the interest rates they will have to pay. This is an oversimplification that must be avoided. The second oversimplification consists in saying ‘We are bailing out these Greeks, these feckless Irish.’ I would, however, point out that what we are doing is lending money, and lending money at rates that are particularly favourable to the lenders. We are doing good business on the back of this. And so, there are two possibilities: either we consider that, with our loans, Greece and Ireland no longer present a risk and that we should lend to them at a rate corresponding to zero risk or at least an extremely limited risk, or that there is a risk that they will default. So, the boil needs to be lanced, these debts need to be restructured and we must put an end to uncertainty. I would like to end with a word to our German friends, especially the CDU. Mr Langen, you talked about reunification and you are right. When Germany was reunified, the entire area to which Belgium belonged and to which, in the end, France was very loyal, paid for it in the form of very high interest rates. It was the right thing to do. It was right both historically, because the reunification of Germany represented the reunification of Europe as we know it, and economically, because, in the end, everyone would benefit from the faster pace of growth this would lead to. So, today I say to the CDU ‘Bear this in mind’ and we ask that Germany does the same."@en1
lpv:unclassifiedMetadata	"(Applause)"1 "deutschmark"1
lpv:videoURI	<go to Events_and_structure europarl>2

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