Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-02-Speech-1-182-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-07-02"^^xsd:date2
dcterms:Is Part Of	lp_eu:One-minute speeches (Rule 150)2
lpv:document identification number	"en.20120702.22.1-182-000"2
lpv:hasSubsequent	lp_eu:2012-07-02-Speech-1-186-0002
lpv:speaker	lp:Pat the Cope Gallagher2
lpv:spokenAs	member; Conference of Delegation Chairs (2009-09-17--2014-06-30)3 member_of_the_bureau; ALDE (2009-07-20--2014-06-30)3 substitute; REGI (2012-01-19--2014-06-30)3 unknown; Fianna Fáil Party (2009-07-14--2014-06-30)3 chair; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-17--2014-06-30)3 member; PECH (2012-01-19--2014-06-30)3
lpv:translated text	"Madam President, I welcome the results of the summit held in Brussels last week. The agreement by EU leaders to use the European Stability Mechanism (ESM) in principle to directly recapitalise eurozone banks is a welcome and overdue development. This is a major step forward for Ireland and may potentially result in the restructuring of debt, which should result in a reduction in the burden on the Irish taxpayer. I understand that the Finance Ministers will soon engage in negotiations concerning the debts of banks in Ireland. Any outcome of negotiations must ensure that Ireland receives equal treatment vis-à-vis Spain and other eurozone states. The outcome of the summit also justifies the decision of the Irish people to ratify the fiscal stability treaty by referendum, which guarantees access to the ESM. In conclusion, the ESM is an important safety net for Ireland and the eurozone. The decision of EU leaders to break the link between bank debt and sovereign debt must result in tangible benefits to Ireland."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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