Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-410-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-05-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation of the informal European summit - Investment, growth and jobs (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20120522.18.2-410-000"2
lpv:hasSubsequent	lp_eu:2012-05-22-Speech-2-411-0002
lpv:speaker	lp:Roberto Gualtieri2
lpv:spokenAs	member; Delegation for relations with the Palestinian Legislative Council (2011-12-14--2014-06-30)3 member; SEDE (2012-01-19--2014-06-30)3 substitute; ECON (2012-01-19--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3 unknown; Partito Democratico (2009-07-14--2014-06-30)3 member; Delegation for relations with the NATO Parliamentary Assembly (2009-09-16--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 member; AFCO (2012-01-19--2014-06-30)3
lpv:translated text	"Mr President, now the figures more than the theories clearly demonstrate that not only has the austerity strategy failed to produce growth and employment, but that it does not even provide stability within the European Union, which was Ms Merkel’s main goal, given that public accounts are getting worse, not better. We therefore need a change, and although the actions on which a consensus seems to be emerging are certainly positive, they are still insufficient. The project bonds pilot project is an important precedent, but its macro-economic impact is just a drop in the ocean. Even strengthening the European Investment Bank, which has greater potential, is not decisive, whilst better spending of Structural Funds is unlikely to have much of an effect since we currently lack even the resources to pay for projects already begun. Two essential elements for emerging from the crisis are missing. The first is a reformulation of the Stability Pact, which would also affect the fiscal compact without it needing to be amended, to separate a portion of investments from calculation of the structural deficit, giving the Commission a specific role in establishing them and activating this separation in recessive phases of the cycle. The second is joint management of a portion of the public debt based on the model of the proposed debt redemption fund. These two elements must go hand in hand and form a ‘growth and stability pack’ which must be EU-wide in order to be effective: so a ‘pack’ and not a ‘compact’. For this we need to make the most of the ‘two-pack’ discussion in order to act quickly and effectively on EU legislation. I believe that the Commission should play a clearly defined role in this process and stop defending an austerity policy now acknowledged by everyone as disastrous."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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