Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-071-000"

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	"sk"^^xsd:language2
lpv:document identification number	"en.20120201.12.3-071-000"2
lpv:hasSubsequent	lp_eu:2012-02-01-Speech-3-072-0002
lpv:speaker	lp:Monika Beňová2
lpv:spokenAs	unknown; SMER-Sociálna demokracia (2009-07-14--2014-06-30)3 member; Delegation for relations with Israel (2009-09-16--2014-06-30)3 member; S&D (2012-01-19--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3 member; LIBE (2012-01-19--2014-06-30)3
lpv:translated text	"The leaders’ meeting was essentially unnecessary. The Fiscal Compact will certainly not get the EU out of the crisis. It may even fall into recession, due to the cuts. Ultimately, on account of the economic downturn, it will then be even harder to pay back debts, and they will become an increasing burden. Moreover, the probable future president of France has now indicated that he wants to modify the Compact further before ratification. The need to kick start employment growth, however, is still underestimated. Whereas cost-cutting measures are slowly becoming law, the growth and employment initiative has remained in the form of a general challenge. Sweden has also refrained from signing. From a European perspective, such behaviour is extremely unfortunate. The growth initiative is weak. The Fiscal Compact is being adopted outside the framework of European treaties, and without the UK and the Czech Republic. The European Parliament’s role in negotiations over these matters is minimised. This should be completely changed. Europe must remain unified and stick to democratic principles and existing legal frameworks. Europe must stop thinking in terms of simplistic formulas such as ‘there are debt problems, so let’s make cuts’. No. We must look for resources that can be sensibly invested in economic recovery - unused resources from EU Structural Funds, the tax on financial transactions, a stronger EIB and European bonds. These are the issues that the summits should be addressing. They will be worthless if this does not happen, and the Union does not have much time left."@en1

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