Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-424-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:European Semester for economic policy coordination: implementation of 2012 priorities (debate)2
dcterms:Language	"lv"^^xsd:language2
lpv:document identification number	"en.20121025.29.4-424-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-425-0002
lpv:speaker	lp:Krišjānis Kariņš2
lpv:spokenAs	unknown; Jaunais laiks (2009-07-14--2013-03-24)3 substitute; ECON (2012-01-19--2014-06-30)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; ITRE (2012-01-19--2014-06-30)3
lpv:translated text	"Mr President, ladies and gentlemen, it seems to me to be extremely clear to all of us that no individual, family or country can spend more money than it has over the long term. At the same time, however, we must understand that balance, at the level of the governmental budget, between expenditure and income is not incompatible with economic growth. I say again, the so-called austerity policy is not opposed to economic growth. Let us take my country, Latvia, as an example. During the time that our economy was shrinking rapidly, the government had no choice but to reduce its expenditure too; since the government’s income was also falling, it simply had no other option. However, what our government did at the same time (and this is often forgotten) was, while reducing total expenditure, to in fact increase long-term investment in the economy. The government increased cofinancing of the European Structural Funds, thus providing for economic growth in the future. What is happening in our country today? Although we are unfortunately still a comparatively poor European state, nonetheless, in contrast to many other states, our economy is once again on the path of growth. The fact that we can observe this growth, and that this growth is possible, is only because at that time, when we had to save money, we carried on investing in long-term development. Ladies and gentlemen, the coordination of Europe’s economic policy is a very important issue, and we must continue this coordination in the future too. Thank you for your attention."@en1
lpv:unclassifiedMetadata	"(The speaker agreed to take a blue-card question under Rule 149(8))"1
lpv:videoURI	<go to Events_and_structure europarl>2

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