Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-068-000"

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	"hu"^^xsd:language2
lpv:document identification number	"en.20110914.3.3-068-000"2
lpv:hasSubsequent	lp_eu:2011-09-14-Speech-3-069-0002
lpv:speaker	lp:Edit Herczog2
lpv:spokenAs	member; Delegation to the Euronest Parliamentary Assembly (2009-12-14--2014-06-30)3,3 substitute; BUDG (2009-12-14--2012-01-18)3,3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3,3 member; ITRE (2009-12-14--2012-01-18)3,3 treasurer; S&D (2009-07-14--2014-06-30)3,3 substitute; CONT (2009-07-16--2012-01-18)3,3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3,3 unknown; Magyar Szocialista Párt (2009-07-14--2014-06-30)3,3
lpv:translated text	". We are witnesses to and victims of a crisis of confidence. The extensive indebtedness of households and state budgets, fostered by the illusion of cheap money and the dream of a rosy future, suddenly broke the spell of the financial markets, and this was followed by a swift spread of distrust and fear of losses. This panic is just as exaggerated as the earlier euphoria. However, while before, when the bubble or state debt was growing, everybody seemed to be doing well, what we now see is an actual shrinkage. The crisis does not affect people everywhere and to the same extent, but everybody is getting less than they would if the whole European economy was healthy and trust was restored. In my home country, tens of thousands took out Swiss franc loans, offered abundantly by banks up to October 2008. Since then, many have lost their jobs due to the crisis, the property market collapsed, and as a result of the crisis of confidence already mentioned, the Swiss franc became significantly stronger. All these factors together threw thousands into a hopeless situation. ‘More Europe’, more solidarity would provide the way out. However, in some places it is selfish concern, and in others it is fear from the pain inflicted by restoration that hinder rapid and decisive decisions and actions. In this state of paralysis, Europe is drifting helplessly towards the vortex of crisis. I hope we all wake up before it is too late. A weak Europe falling apart can hardly fend off the challenges of the future. It is still not too late, but there is no time for further delay, either."@en1

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