Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-294"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-294"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-2952
lpv:speaker	lp:Viktor Uspaskich2
lpv:spokenAs	member; Delegation for relations with the United States (2009-09-16--2012-11-15)3,3 member_of_the_bureau; ALDE (2009-07-20--2012-11-15)3,3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2012-11-15)3,3 substitute; AFET (2009-07-16--2010-12-08)3,3 member; REGI (2009-07-16--2012-01-18)3,3 unknown; Darbo partija (2009-07-14--2012-11-15)3,3
lpv:translated text	"Last year, Lithuania and some other EU Member States that have suffered a similar fate went into decline and have not yet reached the bottom. We still do not know the ultimate consequences which may be very grave. Jobs were lost, businesses went bankrupt and many of our citizens are still having to endure painful reforms. Too much of the burden of the crisis fell on taxpayers’ shoulders. All of this would have been avoidable had there been the necessary international crisis management rules in the banking sector. Current EU and international financial sector oversight mechanisms were ineffective in trying to stop the crisis or stemming it sufficiently. We are all in the same boat – we must take robust measures in order to create preventive procedures and safety nets which would ensure the sustainability and stability of the financial system. This attempt should cover at least three things: firstly, an effective EU surveillance structure, linked to the European Systemic Risk Board; secondly, the creation of a strict EU code of conduct in the areas of management, suitable expertise and financial resources, so that EU crisis management procedures which support interventions are effective; and thirdly, an essential measure to standardise business conditions throughout the EU. Only then will it be possible to implement the monitoring of business conditions equitably throughout the EU. Most importantly, Lithuania and other EU Member States must manage their public money effectively, transparently and responsibly. We must regain public trust and restore our countries’ economic self-esteem."@en1

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