Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-232-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-28"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pl"^^xsd:language2
lpv:document identification number	"en.20110928.19.3-232-750"2
lpv:hasSubsequent	lp_eu:2011-09-28-Speech-3-233-0002
lpv:speaker	lp:Czesław Adam Siekierski2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 unknown; Polskie Stronnictwo Ludowe (2009-07-14--2014-06-30)3 member; AGRI (2009-07-16--2012-01-18)3 substitute; CONT (2009-07-16--2012-01-18)3 substitute; REGI (2009-07-16--2012-01-18)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3
lpv:translated text	"I would like to express my satisfaction in connection with today’s adoption by Parliament of the ‘six pack’. The economic crisis, the effects of which we are still feeling, has demonstrated that the current system for the financial discipline of the Member States has been a complete failure. The Stability and Growth Pact, which was intended to guarantee that the countries of the euro area would continue to meet the convergence criteria, has proved in reality to be just wishful thinking. The way the European Commission turned a blind eye to the violation of the pact over many years has ultimately led to the greatest crisis in the history of the single currency. The package of legislative measures adopted today creates a new quality in the coordination of the EU’s economies. In my opinion, a key question is that of giving the EU an instrument which allows it to react to the excessive debt of a Member State. As we know, in accordance with the Treaty of Maastricht the level of public debt of a country in the euro area should not exceed 60% of GDP. However, in the case of Greece, for example, this indicator currently stands at nearly 150%. The establishment of a framework for controlling Member States’ budgetary expenses is also a very good measure – in accordance with the package it will be possible to increase these limits only in proportion to growth in GDP. This should prevent situations in which Member States are living on credit. The one thing which may cause dissatisfaction in the ‘six pack’ we have adopted is the none-too rigorous system of sanctions and control over Member States which do not maintain fiscal discipline."@en1

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