Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-335"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-11-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:EU response to the world financial crisis: follow-up of the informal European Council from 7 November and of the G20 Summit from 15 November 2008 - Commission's legislative and work programme for 2009 (debate)2
dcterms:Language	"pl"^^xsd:language2
lpv:document identification number	"en.20081118.29.2-335"2
lpv:hasSubsequent	lp_eu:2008-11-18-Speech-2-3362
lpv:speaker	lp:Mieczysław Edmund Janowski2
lpv:spokenAs	unknown; Prawo i Sprawiedliwość (2004-07-20--2009-07-13)3 substitute; ITRE (2007-01-31--2009-07-13)3 substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2004-09-15--2009-07-13)3 member; REGI (2007-01-31--2009-07-13)3 member; Delegation for relations with Switzerland, Iceland and Norway and to the European Economic Area (EEA) Joint Parliamentary Committee (2004-09-15--2009-07-13)3 member; UEN (2004-07-20--2009-07-13)3 substitute; PETI (2007-01-31--2009-07-13)3
lpv:translated text	"The financial crisis has engulfed the whole world. In my view, this is an economic crisis, while finance, which normally greases the wheels of the economy, is truly in the grip of a typhoon. René Thom’s catastrophe theory seems to have been validated. At the same time, its moral aspects need also to be noted, and this has been pointed out by many economists. At this point, let me quote Ettore Gotti Tedeschi: ‘Is it consistent with logic and ethics to create an illusion of development based solely on the growth of private consumption, is it consistent with logic and ethics for the growth of consumption to be absorbing the growth of social costs (pensions and health services), thus provoking tax rises, is it consistent with logic and ethics to transform a society of savers into a society of debt-ridden consumers, and is it consistent with logic and ethics to force the globalised man to seek work far away from home?’ The cost of this lack of an ethical dimension will be high, because we are paying for greed and for risks taken with other people’s money by irresponsible individuals who have created tax havens for themselves. It is the taxpayer, both in Europe and in America, who has to pay for this rapacity and dishonesty. We are becoming poorer. Banks are becoming less important in the economy which, producing less, needs fewer workers, and thus a domino effect is created. Today’s markets need certainty and observance of rules. We need measures to shield the very poorest and at the same time to protect our assets from being bought up for next to nothing. At least several years will be needed for this emergency treatment to work."@en1

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