Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-069"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-03-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:ECB annual report for 2008 - Report on the 2009 Annual Statement on the Euro Area and Public Finances (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100325.3.4-069"2
lpv:hasSubsequent	lp_eu:2010-03-25-Speech-4-0702
lpv:speaker	lp:Edward Scicluna2
lpv:spoken text	"Mr President, a few points first. I would like to take the opportunity to thank the ECB for its cooperation and availability in responding to my various queries. Secondly, I would like to thank my fellow shadow rapporteurs for their joint team work in agreeing to amendments to this report and thus widening the agreement on it. We have seen that the recent recession is proving to be a challenge. However the tensions in the euro area are not new and are well known. We know we are not yet an optimal currency area. However, that is why we have to be innovative. We have to follow sensible economic principles and policies. Of course, they must be couched in line with European social cohesion principles. Some observers have stated that the ECB cannot help Greece because this is forbidden by the ‘no bail-out’ clause of Article 103 of the EU Treaty. Nevertheless, it is one thing to implement a bail-out and another, very different thing to provide temporary financial assistance. We know that there are several options before us. Some can be executed in the short term and others in the medium term. As my colleagues before me pointed out, and as Europeans, we all look up to the euro and we all want it to succeed. We can make it succeed, so let us all – Parliament, Commission, Council and the European Central Bank – put our heads together and find a successful path forward. Finally, we must restore public confidence in financial institutions through measures which include greater transparency, better risk management and appropriate regulation. We need to ensure that a crisis of this magnitude does not occur again."@en1
lpv:spokenAs	unknown; Partit Laburista (2009-07-14--2013-03-12)3 member; S&D (2009-07-14--2013-03-12)3 vice-chair; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2012-03-12)3 substitute; ENVI (2009-07-16--2012-01-18)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2013-03-12)3
lpv:unclassifiedMetadata	"Edward Scicluna,"1 "rapporteur."1
lpv:videoURI	<go to Events_and_structure europarl>2

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