Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-163-968"
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"en.20120118.19.3-163-968"2
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2012 is a very important year for Europe, during which a credible and sustainable solution to the sovereign debt crisis needs to be proposed. I believe that the proposed fiscal treaty is a step in the right direction, but we should not lower our guard. It is true that no treaty can stop the crisis. If EU legislation currently in force had been properly implemented and had been properly upheld, we would not need additional legislation or more stringent agreements. Our prospects nevertheless remain bleak. According to data from Business Monitor International, this year Lithuania’s public debt is expected to reach 43% of GDP (as compared to 15.6% in 2008). I really hope that non-euro area Member States will be able to participate in negotiations on equal terms. The majority of Lithuanians are sceptical about the introduction of the euro against the backdrop of the debt crisis, which threatens the survival of the euro area. A survey carried out last month showed that 49% of Lithuanians are against the introduction of the euro and just 43% are in favour of it. This long-term Treaty is not enough for Lithuanians. They also need specific and urgent measures for combating the crisis in the immediate future."@en1
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