Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-036-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-02-01"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the informal European Council meeting of 30 January 2012 (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20120201.12.3-036-000"2
lpv:hasSubsequent	lp_eu:2012-02-01-Speech-3-037-0002
lpv:speaker	lp:Stephen Hughes2
lpv:spoken text	"Mr President, the statement on growth and jobs agreed on Monday finally calls for ‘smart fiscal consolidation preserving investment in future growth, sound macroeconomic policies and an active employment strategy preserving social cohesion’. That is exactly what my group has been calling for since the start of the crisis. The problem is that you have already made the choice of a rather than a approach to fiscal consolidation. That dumb approach is embodied in the so-called six-pack and it is made even worse by this new international treaty. That framework prevents us from ‘preserving investment in future growth’ as the conclusion said. If you really want to be smart, you can do much more. The Council could join this Parliament in seeking to put in place a real system of Eurobonds that would lower our interest rates on public debt and create room for manoeuvre for new investment. What is more, the Council could agree a more ambitious financial transactions tax, as we proposed, to generate up to EUR 200 billion of annual revenue. That would be smart. All that we can hope is that the inverse relationship between the Council’s use of the language of ‘smartness’ and the state of our economies will lead to a breakthrough soon for a true smart response to the crisis. Finally, a word on Mr Callanan’s speech: he claims to deplore the fact that this treaty would make socialism illegal, but then he goes on to say that he would scrap all of the fruits of socialism. I would like to thank him for putting so clearly on the record the Conservative position."@en1
lpv:spokenAs	unknown; Labour Party (2009-07-14--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 vice-chair; S&D (2009-07-14--2012-06-06)3 substitute; CULT (2012-01-19--2014-06-30)3 member; EMPL (2012-01-19--2014-06-30)3
lpv:unclassifiedMetadata	"Stephen Hughes (S&D ). -"1 "dumb"1 "smart"1
lpv:videoURI	<go to Events_and_structure europarl>2

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