Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-178-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:One-minute speeches (Rule 150)2
dcterms:Language	"sk"^^xsd:language2
lpv:document identification number	"en.20110606.20.1-178-000"2
lpv:hasSubsequent	lp_eu:2011-06-06-Speech-1-179-0002
lpv:speaker	lp:Jaroslav Paška2
lpv:spokenAs	vice-chair_member_of_the_bureau; EFD (2010-02-16--2014-06-30)3 unknown; Slovenská národná strana (2009-07-14--2014-06-30)3 substitute; REGI (2009-07-16--2012-01-18)3 member; Delegation to the EU-Croatia Joint Parliamentary Committee (2009-09-16--2013-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; ITRE (2009-07-16--2012-01-18)3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, Friday’s announcement by European Union representatives that the International Monetary Fund would release a further tranche of EUR 12 billion in credit to Greece was given an encouraging reception by the markets. Today, however, the Spanish newspaper reports that the autonomous region of Castilla-La Mancha has run out of money. Not only does the regional government find itself unable to pay the wages of 76 000 employees, but it still owes roughly EUR 2 billion to its various suppliers. We are faced with more bad news, then, this time from Spain, a country that has long struggled to maintain investor confidence. Yet the policy of assisting governments by having the European Central Bank buy up their debts cannot go on for much longer, as it is reaching its limits. The European Central Bank already has EUR 360 billion in financial instruments on its books that are not freely tradable and holds a further EUR 480 billion in poorly secured securities. It is the pacemaker, then, for holders of bad financial assets. If this continues, ladies and gentlemen, the euro area will soon have to rescue the European Central Bank, or simply fall apart."@en1
lpv:unclassifiedMetadata	"El País"1
lpv:videoURI	<go to Events_and_structure europarl>2

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