Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-22-Speech-3-181"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20081022.17.3-181"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
The PPE/PSE/ALDE/UEN resolution reveals the limits and real objectives of the measures adopted to date by the EU.
By ignoring the real causes of the current financial crisis – which lie in the increasing accumulation and concentration of capital, in the financialisation of the economy, and in speculation and the free and easy movement of capital, and by reducing these to a ‘lack of transparency’ and ‘deficient supervision’ of financial markets, the majority of this House is seeking to square the circle. In other words, they want to rescue the system from a crisis which is intrinsic to it, by (momentarily) restoring ‘confidence to the markets’ and injecting public funds without any genuine safeguards, as is the case in Portugal where a truly ‘blank cheque’ has just been written for an amount equivalent to all the structural funds that the country can use in the current Community financial framework.
However, all these measures that Parliament so values are simply a way of avoiding acting on the fundamental elements, such as creating a strong, effective public bank in each country to serve its development needs, putting an end to ‘tax havens’, imposing conditions on the movement of capital and ending financial speculation, altering the EU’s monetary policy and the Stability Pact, ending privatisation and the liberalisation of the economy, and so on.
Instead, the majority of this House wants to reaffirm its neoliberal agenda."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples