Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-492-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation of the Eurozone summit of 11 March 2011 (debate)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110308.25.2-492-000"2
lpv:hasSubsequent	lp_eu:2011-03-08-Speech-2-493-0002
lpv:speaker	lp:Elisa Ferreira2
lpv:spokenAs	member; ECON (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-11-11--2011-07-31)3 member; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 substitute; Delegation for relations with India (2009-09-16--2014-06-30)3 substitute; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Partido Socialista (2009-07-14--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, I come from a country that has existed for eight centuries and, despite this, is interested in the existence in this globalised world of a strong Europe and a Europe that is capable of dealing with China, India and the United States on equal terms. The crisis that we are living through is not a crisis in the euro area: it is, as someone was saying, a crisis of the euro area. This is because a single currency can only function when there is reliable and persistent work on convergence between the various areas comprising it, in terms of growth rates, of yields and of employment; when there is real convergence. Until now, we have been working on indicators of nominal convergence, which is in no way the same thing. As such, Europe urgently needs to finish what it started. To finish what it started – the single currency in particular – it in fact needs to create a robust Stability Fund: a fund that enables countries in difficulty to undertake this convergence with interest rates that are acceptable and not prohibitive, and does not force them to cut the strategic investment enabling this convergence, so that they can use their growth to pay back what they borrow in times of crisis. Mr President, we need a Commission that is active; a Commission that participates in building this Stability Fund, but also in the Eurobonds, and that listens to the message that Parliament has given it again today via the new source of own resources, which will have to be an effective reinforcement of a budget that is clearly insufficient. We have just adopted the Podimata report, which clearly advocates a financial transaction tax. In order to survive, Europe has to change course now. It needs a strong Parliament, but it also needs a Commission capable of acting rather than simply reacting: of taking the initiatives that we are awaiting anxiously, so that this experiment is not lost and so that this experiment bears fruit."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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