Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-100-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-12-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the European Council meeting (8-9 December 2011) (debate)2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20111213.5.2-100-000"2
lpv:hasSubsequent	lp_eu:2011-12-13-Speech-2-101-0002
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	"Last Friday, the European Council decided to enshrine the concept of fiscal discipline in a new treaty. This is a step in the right direction. The new treaty needs to ensure that the rules agreed at the time of the introduction of the euro are actually enforced. It is also important that the Emergency Fund is used effectively. The question is whether the EUR 500 billion from the temporary and permanent emergency funds, supplemented with EUR 200 billion through the IMF, will prove sufficient. The European Banking Authority has calculated a capital requirement of EUR 114.7 billion, based on the exposure of European banks to government bonds. However, the total capital requirement is higher, because banks have outstanding loans in the private sector, not all of which are of a high quality. One real solution to the euro crisis which I advocate is as follows: the weak euro countries must gain economic competitiveness through reform and cuts. Finally, unsustainably high debt levels in the private sector, particularly those accrued by banks, should be reduced in a controlled fashion."@en1

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