Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-375-000"
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"en.20120703.18.2-375-000"2
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"The economic crisis has left behind noticeable traces in Europe, even though we are gradually seeing signs that the situation is becoming more stable. Nevertheless, high levels of debt and rising oil prices represent a further risk. In addition, Europe still has to deal with the bankrupt states in the euro area, which have such poor credit ratings that investors there are few and far between. Furthermore, American rating agencies are making decisions about the creditworthiness of European countries, which can, in turn, lead to difficulties with investment and finance. As long as countries like Greece, Spain and Portugal are continuing to cause monetary instability in the euro area, it is likely to be difficult to prevent economic and social inequalities between the countries in the area, which is what the rapporteur is calling for. This is why I have abstained."@en1
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