Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-417"

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	"sk"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-417"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4182
lpv:speaker	lp:Jaroslav Paška2
lpv:spokenAs	vice-chair_member_of_the_bureau; EFD (2010-02-16--2014-06-30)3 substitute; ENVI (2009-07-16--2011-03-08)3 unknown; Slovenská národná strana (2009-07-14--2014-06-30)3 substitute; REGI (2009-07-16--2012-01-18)3 member; Delegation to the EU-Croatia Joint Parliamentary Committee (2009-09-16--2013-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; ITRE (2009-07-16--2012-01-18)3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3
lpv:translated text	"The continuing turbulence on financial markets shows us that the global financial system reacts very sensitively to all information on the creditworthiness or solvency of individual players. Even European Union countries cannot avoid suspicious looks from outside, of course, whether they are part of the euro area or not. It is therefore an elementary precondition for the functioning of the Union for every state to have a responsible and credible economic policy. However, efforts to create stricter regulation and closer supervision will not, by themselves, prevent potential crises. The disproportionate growth of the financial sector in relation to the real economy, and its thirst for profit, lead to risky practices which have turned the global economy into a kind of casino where countries and their citizens will again provide final guarantees for financial gamblers. We must therefore continue to work patiently for the broadest possible balanced reform of the financial system, so that the new rules can banish gambling, both from the political sphere and from financial institutions."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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