Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-067-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparations for the European Council meeting (24 June 2011) (continuation of debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20110622.14.3-067-000"2
lpv:hasSubsequent	lp_eu:2011-06-22-Speech-3-068-0002
lpv:speaker	lp:Jean-Pierre Audy2
lpv:spokenAs	substitute; Delegation for relations with the People's Republic of China (2009-09-16--2011-09-06)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2010-05-17--2013-01-24)3 vice-chair; CONT (2009-07-20--2012-01-18)3 unknown; Union pour un Mouvement Populaire (2009-07-14--2014-06-30)3 member; ITRE (2009-07-16--2012-01-18)3 member_of_the_bureau; EPP (2010-02-10--2014-06-30)3 vice-chair; Delegation for relations with the Mercosur countries (2010-09-13--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3
lpv:translated text	"Mr President, I too would like to offer my warm congratulations to Minister Győri, President-in-Office of the Council, on her Presidency. I would also like to welcome the Vice-President of the European Commission and make two remarks. The first concerns Greece. I think there is a need to consolidate the financial situation and to devise measures to promote growth. With regard to financial consolidation, it is clear that dealing with the past while planning for the future is extremely difficult. I propose the creation of a kind of credit mediator, which could house Greece’s bad debt in a suitable financial, or hive-off, structure. Since the political consensus we have reached is not to allow capital losses, why not split the Greek debt up and thus allow the Greek Government to manage the future and this mediator basically to sort out the past through restructuring? As regards interest rates, a contribution is required from the banks, which made huge profits by purchasing debts at 16% and then doubled their capital when they dropped to 8%. I also propose an investigation into financial transactions involving sovereign debt, which the European Securities and Markets Authority could be entrusted with carrying out. Credit institutions have to a certain extent provided what we call, in French law, a form of unfair assistance to an over-indebted structure. They are therefore guilty of misconduct and have caused harm: they need to make amends for that. On the subject of growth, we must support President Barroso’s proposed EUR 1 billion plan, and we must deliver a proper development plan for Greece. I approve of the idea put forward by Mr Cohn-Bendit: why not focus on military expenditure, which accounts for 4% of GDP? Furthermore, if the European Union could arbitrate between Turkey and Cyprus, I believe we would save Greece 2% of its GDP. Those are the kinds of measures which would help bring about a development plan for Greece."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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