Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-439-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-11-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lv"^^xsd:language2
lpv:document identification number	"en.20121120.28.2-439-750"2
lpv:hasSubsequent	lp_eu:2012-11-20-Speech-2-440-0002
lpv:speaker	lp:Inese Vaidere2
lpv:spokenAs	substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; DROI (2012-01-19--2014-06-30)3 unknown; Vienotība (2012-07-04--2014-06-30)3 member; AFET (2012-01-19--2014-06-30)3 substitute; INTA (2012-01-19--2014-06-30)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2009-07-24--2014-06-30)3
lpv:translated text	". − As the European Union’s economic and monetary ties become closer, it is important to coordinate the creation of Member States’ economic policy. It is equally important for the institutions that carry out the work of monetary union to be transparent and subject to democratic scrutiny. At the same time, I cannot agree with most of the sections included in the action plan. Firstly, a gradual roll-over into a redemption fund which would store the debt of a state which exceeds 60 % of individual euro area Member States’ GDP would reduce the individual responsibility of the states. Already it is clear that some Member States are unable to carry out the required legislative alignment in order to reduce national foreign debt. The creation of a joint fund will not encourage the repayment of debts. Secondly, I do not support the long-term plan on the common issuance of debt in the euro area. Eurobonds would allow the weaker states to continue to borrow and spend, while at the same time increasing borrowing costs for the remaining states, which are adhering to the EU’s fiscal conditions. In view of the arguments set out above, I did not vote for Parliament’s report to the Commission on the report ‘Towards a genuine Economic and Monetary Union’."@en1

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