Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-407-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120418.21.3-407-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Considerable work has been carried out in the area of financial stability – congratulations! However, it is incomprehensible for Spain or Italy to borrow from the banks at 6% while the banks borrow from the European Central Bank at 1%. I propose that we create, within each Member State of the euro area, special purpose defeasance entities, with a banking license to manage bad debt that exceeds the ratios authorised by the Stability and Growth Pact.
I propose a political debate between national parliaments and the European Parliament on savings to be made in public expenditure (e.g. armies, diplomatic buildings, research programmes) at three levels – national, European and regional – based on an independent audit which could be conducted by the European Court of Auditors and the 27 national courts of auditors.
I reiterate the idea of a major investment plan of EUR 1 000 – 1 500 billion over the EU 2020 period and the creation of an investment section in the European budget.
Finally, I regret that President Van Rompuy did not attend this debate, as there is an increasingly urgent need to convene a European Council meeting with only one item on the agenda – growth."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples