Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-084"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-03-24"^^xsd:date2
dcterms:Is Part Of	lp_eu:Green Paper on territorial cohesion and debate on the future reform of the cohesion policy - Regional policy best practice and obstacles to use of Structural Funds - Urban dimension of cohesion policy - Complementarities and coordination of cohesion policy with rural development measures - Implementation of the Structural Funds Regulation 2007-2013: results of negotiations on national cohesion strategies and operational programmes - A European initiative for the development of micro-credit in support of growth and employment (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20090324.3.2-084"2
lpv:hasSubsequent	lp_eu:2009-03-24-Speech-2-0852
lpv:speaker	lp:Sebastian Valentin Bodu2
lpv:spokenAs	substitute; INTA (2008-01-17--2009-07-13)3 unknown; Partidul Democrat-Liberal (2008-04-08--2009-07-13)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2007-12-18--2009-07-13)3 member; Delegation for relations with Canada (2007-12-18--2009-07-13)3 member; ECON (2007-12-13--2009-07-13)3 member; EPP-ED (2007-12-10--2009-07-13)3
lpv:translated text	"Micro-credits and even credits granted to entrepreneurs from Community funds provide an institutional lever which can and must plug the gap left by commercial banks as a result of the financial crisis which is already hitting the real economy. A commercial bank is only beneficial to the economy for as long as it is granting credit, which is not happening at the moment, in spite of the massive injection of public money into various banks. In these circumstances, I am proposing that Member States should no longer finance commercial banks with problems directly so that they can cover with money they have received the huge losses and/or improve their financial coefficients using public money, satisfy their shareholders and provide a reason for even awarding themselves generous bonuses. On the other hand, they must not (all) be left to go bankrupt, either. My proposal involves the use of commercial banks as simple intermediaries, agents for granting credit and micro-credits from public funds to economic agents and entrepreneurs who, without funding, are also vulnerable to the risk of bankruptcy. In conclusion, credit and micro-credits should be given to those who need it via the banks, but without passing through the balance sheet of the latter, only using their expertise and network to facilitate the borrowing of such finances."@en1

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