Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-071"

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"en.20081008.14.3-071"2
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"Mr President, in today’s crisis we are dealing with the subject of public aid for threatened economic sectors. The German Hypo is being rescued by subventions to the value of EUR 50 billion, aid for the British Bradford & Bingley is a further EUR 35 billion, and the Fortis rescue is EUR 11 billion. The European Central Bank has meanwhile pumped a further EUR 120 billion into bank deposits to keep them liquid. Meanwhile, Commissioner Kroes is bringing about a political crisis in Poland through the repayment of around half a billion – let me emphasise, half a billion – euros in public aid for three Polish shipyards. I am curious to know how the European Commission would like to explain to Poles a situation in which hundreds of billions of euros are flowing into banks in the old Europe, while half a billion euros may not be transferred to three shipyards that may fail as a result of the Commission’s actions. I suggest that we remember this when decisions on further cash injections for the financial sector come up during the next session of the Council."@en1
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