Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-410"

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"en.20100706.28.2-410"2
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". I also wish to draw attention to the activities of foreign banks in new Member States which are not part of the euro area. These activities must be treated with the utmost importance as part of the financial system’s supervision, both at European Union and national level, in order to prevent incidences of irrational and reckless behaviour. I support this action as foreign banks in some new Member States have created a highly sensitive risk because they have taken foreign credits in the short term and granted credits in the medium and long term to companies and citizens in these countries. This was one of the main reasons why the relevant countries urgently called on the conditional support of the International Monetary Fund."@en1
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