Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-098-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-06-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic and budgetary surveillance of Member States with serious difficulties with respect to their financial stability in the euro area - Monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (debate)2
dcterms:Language	"hu"^^xsd:language2
lpv:document identification number	"en.20120612.5.2-098-750"2
lpv:hasSubsequent	lp_eu:2012-06-12-Speech-2-098-8752
lpv:speaker	lp:József Szájer2
lpv:spokenAs	member; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; AFCO (2012-01-19--2014-06-30)3 vice-chair; EPP (2009-07-14--2014-06-30)3 substitute; JURI (2012-01-19--2014-06-30)3 unknown; Fidesz-Magyar Polgári Szövetség-Keresztény Demokrata Néppárt (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the Mercosur countries (2009-09-16--2014-06-30)3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"The purpose of the new legislative package, which supplements the 2011 ‘six-pack’ on European economic governance, is to further reinforce the budgetary supervision of Member States in financial difficulty, and to establish an effective crisis prevention mechanism. Both new legislative proposals foresee provisions for euro area Member States. Unfortunately, the experience of the past years has shown quite well that the difficulties of one Member State can have an effect on the economy of the entire EU, and we must therefore create a mechanism that can protect other euro area Member States from any negative ripple effects. We must not forget that the financial crisis affects not only the euro area but the entire EU. It must be stressed, however, that Hungary is involved in two major fights simultaneously, and we Hungarians must therefore assess the situation based on our own criteria. On the one hand, we must address the serious consequences of the faulty economic policy pursued over the past eight years and, on the other, our country is severely affected by the crisis afflicting the euro. Therefore, one of the most important provisions of Hungary’s new Basic Law is the incorporation of budgetary limits. The aim of this public finance rule is to prevent our country from again falling into debt. Our primary task is to ensure the economic recovery of our country, which requires a continuous reduction in our sovereign debt. In this regard the new constitution represents a new beginning for Hungary. Thanks to the results of this renewal, Hungary is now able to stand on its own two feet."@en1

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