Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-083-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-09"^^xsd:date2
dcterms:Is Part Of	lp_eu:Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (debate)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110309.7.3-083-000"2
lpv:hasSubsequent	lp_eu:2011-03-09-Speech-3-084-0002
lpv:speaker	lp:Paulo Rangel2
lpv:spokenAs	vice-chair; EPP (2009-11-25--2014-06-30)3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-30--2014-06-30)3 member; AFCO (2009-07-16--2012-01-18)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3 member; Delegation for relations with the United States (2009-09-16--2014-06-30)3 substitute; JURI (2010-10-20--2012-01-18)3
lpv:translated text	"Mr President, the first point that I think needs to be stressed here follows on from what my colleague, Mr Brok, said about the involvement of the EU institutions and what Parliament is requesting from the Council with this report: namely, that the EU institutions and the Community method be involved in resolving this issue of the permanent stability mechanism of the stability fund. The report calls specifically for this involvement, while respecting the role of the Commission. This is essential for Parliament, and I believe that it is essential for this mechanism. The second point, and it is one that is very important for us, is that the stability fund is only one of the factors. Economic governance and, potentially, EU matters are other factors in resolving the financial and economic crisis that is currently plaguing some of the euro area Member States, and therefore, the Council should be aware that the fund does not solve everything by itself, and that it must be integrated into economic governance mechanisms and into the Europe 2020 growth strategy. Having said that, I would like to highlight three very important paragraphs of the report: paragraph 6, which involves all Member States regardless of their size; paragraph 12, which states that access to the fund cannot be denied to any state based on its small size; and paragraph 14, which I believe to be the most important, as it establishes, on the one hand, that interest rates must be offered on favourable terms, so that there is not a repeat of what is currently happening with Greece and Ireland, whose problems are not being solved by aid from the EU or International Monetary Fund. It is vital that there be favourable conditions and a back-to-back approach without margins on borrowing costs, so that the financial crises in the most fragile Member States can be resolved."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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