Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-103-500"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20111213.5.2-103-500"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The new Treaty that the German right intends to push through would deprive the Member States of a budgetary policy by forcing them to implement austerity policies that are set to plunge Europe into recession without reducing deficits. Economic policy choices would be enshrined in the constitutions and placed under the authority of a Court of Justice. Automatic penalties would be applied to countries whose public deficit exceeds 3% of their GDP. However, this Treaty fails to include any measures for resolving the economic and social crisis: there is nothing about Eurobonds or about the ECB intervening on the primary market to purchase government bonds. Therefore, how can anyone be surprised about the rise in euroscepticism? We urgently need to show that a progressive economic strategy is possible. We call for the creation of a European treasury, the embryo of which could be the European Financial Stability Facility, and for an independent rating agency, attached to the European Court of Auditors. The power to rate sovereign debts would be taken away from private agencies, in which there are obvious conflicts of interest. We also propose the creation of an investment pact to revive the economy through the exclusion of investment expenditure from the calculation of public deficits. With an EU budget swelled by Eurobonds and the financial transaction tax, we would fund the upwards convergence of competitiveness levels and social and fiscal rules."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples