Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-332-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-03-29"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20120329.36.4-332-750"2
lpv:hasSubsequent	lp_eu:2012-03-29-Speech-4-332-8122
lpv:speaker	lp:Mikael Gustafsson2
lpv:spokenAs	substitute; Delegation for relations with the Palestinian Legislative Council (2011-10-17--2014-06-30)3 vice-chair; EUL/NGL (2012-02-07--2014-06-30)3 substitute; Delegation for relations with the Pan-African Parliament (2012-02-13--2014-06-30)3 member; IMCO (2012-01-19--2012-11-18)3 chair; FEMM (2012-01-25--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2011-10-24--2012-05-20)3 unknown; Vänsterpartiet (2011-09-22--2014-06-30)3 member; Conference of Committee Chairs (2012-01-25--2014-06-30)3
lpv:translated text	"I voted in favour of the report. The crisis in the construction sector in Spain is primarily a result of the failure of the euro and is only, to a very limited extent, to do with globalisation. The structure of the euro resulted in the same level of interest rates throughout the whole of the euro area. In Spain, as in Ireland, the interest rates should have been significantly higher in order to counteract the overheating in the economies of these countries. Instead, the level of interest rates set by the European Central Bank helped to create housing bubbles in both countries. The bubbles burst when the financial crisis struck. It created mass unemployment in both countries, and the construction sector has been particularly hard hit. Thus, the fundamental problem lies in the functioning of the euro and finance capitalism. However, I obviously believe that the workers affected must be given as much support as possible in order to alleviate their vulnerable situation. I have therefore voted in favour of this report."@en1

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