Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-403"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Specific tasks for the European Central Bank concerning the functioning of the European Systemic Risk Board - Powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority - European Securities and Markets Authority - Macro-prudential oversight of the financial system and establishment of a European Systemic Risk Board - European Banking Authority - European Insurance and Occupational Pensions Authority - Cross-Border Crisis Management in the Banking Sector (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-403"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4042
lpv:speaker	lp:George Sabin Cutaș2
lpv:spokenAs	member; Delegation for relations with the Korean Peninsula (2009-09-16--2014-06-30)3 substitute; INTA (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Iran (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 member; S&D (2009-07-14--2014-06-30)3 unknown; Partidul Social Democrat + Partidul Conservator (2009-07-14--2014-02-25)3
lpv:translated text	"The current economic crisis has shown us that we need a system to prevent crises and contain their adverse effects. The de Larosière report, published in February 2009, examined financial supervision in the European Union, proposing the creation of a body which will be responsible for macro-economic supervision at European Union level and offer a solution to the current weaknesses. In addition, the European Parliament has been asking the Commission, as far back as 2000, to come up with proposals intended to guarantee the stability of the European Union’s financial markets. In practical terms, the European Union is at a critical juncture where it must prove its worth to its citizens who are expecting it to provide solutions to the current economic recession and effective mechanisms for preventing future economic recessions. There has been talk about a democratic deficit in the European Union, about the decline in the level of European citizens’ participation in the European Parliament elections, about their failure to identify with European policies. This is why I believe that the Treaty of Lisbon can really mark an important step towards remedying these shortcomings. However, this is only a start. A strong foundation needs to be laid which will foster confidence in Europe’s economic and political system through stability and the benefits gained. We need an effective supervision system which will create the conditions for providing the economy with stable finances and ensuring economic growth and sustainable jobs. The unity of the European single market must also be supervised if we want to avoid its fragmentation. This is why I ultimately feel that the creation of the European Systemic Risk Board and Financial Supervisory Authorities is appropriate."@en1
lpv:unclassifiedMetadata	"sui generis"1
lpv:videoURI	<go to Events_and_structure europarl>2

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