Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-592-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-05-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Developments in the ongoing debt crisis and the EU response (debate)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110511.35.3-592-000"2
lpv:hasSubsequent	lp_eu:2011-05-11-Speech-3-593-0002
lpv:speaker	lp:Edite Estrela2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 unknown; Partido Socialista (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; EMPL (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 member; ENVI (2009-07-16--2012-01-18)3 member; Delegation for relations with the Mercosur countries (2009-09-16--2014-06-30)3 vice-chair; FEMM (2009-07-16--2012-01-18)3
lpv:translated text	"Mr President, Europe is mired in an unprecedented crisis that could threaten the euro area and the European project. It is a crisis of the euro area, of which Greece, Ireland and Portugal are the first victims. The attacks on these countries’ sovereign debt aim to weaken the single currency. Those thinking that this is a problem for the Greeks, the Irish and the Portuguese are fooling themselves: it is not. If there is not a robust response from the European Union that calms the markets, this pressure will spread to other Member States. Portugal does not have a problem regarding the sustainability of its public accounts or the insolvency of its national banks. Portugal needs to continue with the structural reforms already started, to increase productivity, and to promote economic growth. As in the past, the Portuguese people will overcome this challenge, too, and make the necessary sacrifices, but not more than the necessary sacrifices. We cannot understand why the European Union is going to charge Portugal higher interest rates than the International Monetary Fund. Portugal will pay the European Union around EUR 3 billion in interest per year. There is no need for the Mr Blooms and Mr Madleners in this Chamber, and outside it, to worry: the taxpayer will not suffer. What is at issue is a loan, not a gift. This is a loan that will be paid back in full, and at interest rates similar to the market rates Portugal was paying around a month ago. In a globalised world, no country can solve all its problems on its own. The financial crisis has already shown that something that happens on the other side of the world can hit all of us at home with devastating force. That is why we need more and better Europe: a more united and ambitious Europe. We are all in the same boat: if the boat sinks, no one will be saved."@en1
lpv:unclassifiedMetadata	"(The speaker agreed to take a blue card question under Rule 149(8))"1
lpv:videoURI	<go to Events_and_structure europarl>2

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