Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-056-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic crisis and the euro (debate)2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20110914.3.3-056-000"2
lpv:hasSubsequent	lp_eu:2011-09-14-Speech-3-057-0002
lpv:speaker	lp:Bas Belder2
lpv:spokenAs	chair; Delegation for relations with Israel (2009-09-17--2014-06-30)3 substitute; BUDG (2009-07-16--2012-01-18)3 member; AFET (2009-07-16--2012-01-18)3 chair_of_the_bureau; EFD (2011-05-23--2014-06-30)3 member; Conference of Delegation Chairs (2009-09-17--2014-06-30)3 member; Delegation for relations with Iran (2009-09-16--2012-02-14)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 unknown; Staatkundig Gereformeerde Partij (2009-12-07--2014-06-30)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, how can the weak countries of the euro win the confidence of the financial markets? Through spending cuts and reform. Both are painful, but essential for healthy finances, better competitiveness and sufficient earning power. Procrastination in that respect will be punished by the financial markets and it is the politicians’ job to steer an appropriate and consistent course. However, something further is needed in order to reach a genuine solution. Several euro area countries have a high level of foreign debt. This is down to the trade balance and the balance of payments not being in equilibrium. A Dutch academic has called for a new Bretton Woods Accord that would restore the balance between the two, through, for example, regulation that restricts the extent to which the financial sector can finance other countries’ high trade deficits. Do the Commission and the Council view this as a good proposal for reducing this structural imbalance? I would also like to ask a second question, very briefly: what does the Council make of the Dutch proposal for strengthening budgetary discipline?"@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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