Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-881"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-11-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20101123.33.2-881"2
lpv:hasSubsequent	lp_eu:2010-11-23-Speech-2-8802
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 substitute; DROI (2009-07-16--2012-01-18)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"The serious economic crisis that has spread across the entire world has made itself very keenly felt in the EU. The response of the European Central Bank to the crisis has been effective, although it has been guilty at times of acting late or with a lack of assertiveness, particularly in relation to the policy of reducing interest rates, which was more radical and effective in the United Kingdom and the US Federal Reserve. We must learn from the mistakes made so that they may be avoided in the future. The financial crisis in some countries within the euro area is therefore a serious matter for the euro area as a whole and reflects a dysfunction of the euro area. This shows the need for reform and for stronger coordination of the economic policies within the euro area. This task must be carried out by all the states that belong to the euro area so that it can finally be consolidated and can quickly escape from the pressure that it is experiencing at present."@en1

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