Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-041"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-05-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Outcome of the summit of 7 May 2010 and the ECOFIN meeting - What is the political relevance of the EU 2020 strategy in the context of the current financial and economic crisis? - Consequences of the financial and economic crisis on the EU 2020 strategy and its governance - What is the relevance of the EU 2020 strategy in the framework of the current financial and economic crisis? (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100519.3.3-041"2
lpv:hasSubsequent	lp_eu:2010-05-19-Speech-3-0422
lpv:speaker	lp:Kay Swinburne2
lpv:spoken text	"Mr President, we are in a situation of our own governments’ making; it is not as though rules were not there to prevent these crises happening in the first place. If rules such as the Stability and Growth Pact and the Maastricht criteria had been adhered to, we would not have the level of debt crisis that we currently have in many Member States. I find myself in the very strange situation of drawing parallels between the behaviour and financial skills of our Member States’ governments and those of our investment banks. We sit on the Committee for Economic and Monetary Affairs every week discussing the inappropriate behaviour of our banks, saying they have not obeyed the rules or they have applied them flexibly with financially engineered accounting measures. This is exactly what our governments have also been doing. We demand responsible corporate governance and yet the level of off-balance-sheet finance vehicles, special-purpose vehicles and undeclared contingent liabilities that our governments are engaged in does not show how to conduct responsible governance. In the UK, we have been shocked at the difference between the declared deficit of the outgoing government and what we have actually found once the books have been opened up. New leadership in the UK gives us a clear mandate to reassess the true state of finances. I really do hope that the rest of Europe can also do the same; restate their finances and find a way forwards."@en1
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2012-03-27)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-10-19--2014-06-30)3 substitute; AFET (2009-09-07--2010-06-23)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; PECH (2009-07-14--2014-06-30)3
lpv:unclassifiedMetadata	"Kay Swinburne (ECR )."1
lpv:videoURI	<go to Events_and_structure europarl>2

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