Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-085"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-03-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation of the European Council (19-20 March 2008) - European Economic Recovery Plan - Guidelines for the Member States’ employment policies - Cohesion Policy: investing in the real economy (debate)2
dcterms:Language	"pl"^^xsd:language2
lpv:document identification number	"en.20090311.3.3-085"2
lpv:hasSubsequent	lp_eu:2009-03-11-Speech-3-0862
lpv:speaker	lp:Adam Gierek2
lpv:spokenAs	member; ITRE (2007-01-31--2009-07-13)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2007-03-28--2009-07-13)3 substitute; ENVI (2007-01-31--2009-07-13)3 member; PES (2004-07-20--2009-07-13)3 unknown; Unia Pracy (2004-07-20--2009-07-13)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2004-09-15--2009-07-13)3 member; Delegation for relations with South Africa (2007-03-15--2009-07-13)3
lpv:translated text	"How can we combat the financial crisis? (European Economic Recovery Plan) The financial crisis can be tackled in the short-term or the long-term. The short-term method is based on the elimination of diseases which have developed in recent decades and which lead to loss of liquidity by banks, the circulation of ‘infected’ bonds and a lack of coherence of financial policy with actual overall policy. Countries which help banks financially are not eliminating the causes of the crisis. The fundamental cause of the crisis is, in my opinion, the neoliberal mechanism at work in the economy, that is to say, its orientation to short-term profit while ignoring long-term interest, to name but one feature. The long-term method should, therefore, correct the mechanism governing the operation of the economy by breaking with the dogmas of the so-called free market. Member States and the European Commission should not take the place of competitively sound market mechanisms, but they do have an obligation to prevent diseases. This means that, firstly, short-term profit should not obscure the long-term interests which result from the development of infrastructure, construction of public buildings, protection of the natural environment or the search for new, and sometimes less profitable, sources of energy, for example. Secondly, all forms of ownership should be treated equally, and choice of one or another should be based on the effectiveness of management of each form. Thirdly, Member States and the European Commission should assume the function of coordinator of the areas of both financial policy and overall policy. Fourthly, Member States and the European Commission should develop methods for coordinating the international currency and financial market, which is vulnerable to speculation because it acts spontaneously."@en1

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