Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-18-Speech-2-362-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-01-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Question Hour with the President of the Commission2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20110118.18.2-362-000"2
lpv:hasSubsequent	lp_eu:2011-01-18-Speech-2-363-0002
lpv:speaker	lp:José Manuel Barroso2
lpv:spoken text	"Mr President, I would like, first of all, to thank Ms Wortmann-Kool. In fact, this is not just my position but the unanimous position of the Commission. It says in this document, about the annual growth survey, that the Commission considers that the effective financing capacity of the European Financial Stability Facility (EFSF) must be reinforced and the scope of its activity widened. We consider this as part of a comprehensive response and not, of course, as the entire response. There is only one sentence in this document about the EFSF. It is also about structural reform, fiscal consolidation and growth-enhancing measures. But, in fact, it is important for the stability of the euro area to increase lending capacity because, as you know, the EFSF is currently endowed with EUR 440 billion. I am not asking now for this ceiling to be increased, but we know that the EFSF cannot, de facto, lend this EUR 440 billion if need be, due to the need to secure a triple-A rating for the EFSF. So the minimum we can and should do is to increase the capacity of the fund. I think this is a very constructive proposal that should be adopted sooner rather than later."@en1
lpv:unclassifiedMetadata	"José Manuel Barroso,"1 "President of the Commission."1
lpv:videoURI	<go to Events_and_structure europarl>2

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