Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-998"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-10-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation of the European Council, including the situation of the global financial system (continuation of debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20081008.14.3-998"2
lpv:hasSubsequent	lp_eu:2008-10-08-Speech-3-0772
lpv:speaker	lp:Jean-Pierre Audy2
lpv:spokenAs	member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (including Libya) (2007-03-14--2009-07-13)3 member; EPP-ED (2005-06-11--2009-07-13)3 member; CONT (2007-01-31--2009-07-13)3 substitute; ITRE (2007-01-31--2009-07-13)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2007-03-14--2009-07-13)3 substitute; INTA (2007-01-31--2009-07-13)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2007-02-13--2009-07-13)3 unknown; Union pour un Mouvement Populaire (2005-06-11--2009-07-13)3
lpv:translated text	"I would first of all like to congratulate the President-in-Office of the Council, Nicolas Sarkozy, for his pragmatic and effective measures, and the excellent work of the French Presidency, represented today by my friend Mr Jouyet. The European Union was formed amid the suffering caused by war. It seems destined to continue amid suffering and crises. These crises – the Caucasus crisis in Georgia, the financial crisis, the failure of the WTO – show how much we need the new-look institutions that the Lisbon Treaty gives us, and particularly a permanent presidency of the EU. On the subject of the financial crisis, the ECB has just decided to cut interest rates, and I welcome this decision. It has finally awakened from its indifference; it should learn a lesson from the failure of its monetary policy, since nothing would be worse than increasing rates again once economic growth returns. There is a growing need for the Commission, based on Article 105(6) of the EC Treaty, to refer the matter to the Council so that it can give the ECB a policy mandate for the prudential supervision of credit institutions with a view to establishing a European banking regulator."@en1

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