Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-066-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Economic crisis and the euro (debate)2
dcterms:Language	"mt"^^xsd:language2
lpv:document identification number	"en.20110914.3.3-066-250"2
lpv:hasSubsequent	lp_eu:2011-09-14-Speech-3-066-5002
lpv:speaker	lp:Louis Grech2
lpv:spokenAs	substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2013-03-12)3 member; Delegation for relations with Australia and New Zealand (2009-09-16--2013-03-12)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2013-03-12)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2013-03-12)3 unknown; Partit Laburista (2009-07-14--2013-03-12)3 member; S&D (2009-07-14--2013-03-12)3 substitute; BUDG (2009-07-16--2012-01-18)3 vice-chair; IMCO (2009-07-16--2012-01-18)3
lpv:translated text	"The eurozone, and indeed the EU itself, is facing one of the most significant challenges in its history. Yet the economic governance reforms recently put forward by EU finance ministers fail to prioritise growth and job creation, and place little emphasis on the need for fairness and social equity when reshaping our economies for the future. This agreement will lead us further down the path of austerity at a time when the need for strategic investment to create jobs and growth has never been more acute. I will be working with my fellow MEPs in an effort to rebalance this package in the coming weeks. I also urge the Commission to submit proposals to strengthen financial regulation, including the possibility of establishing a European ratings agency, as soon as possible. The greed of banks and hedge funds, coupled with a lack of rigorous regulation, were the primary causes of the current crisis. It is imperative, therefore, to ensure that in future, financial institutions serve the broader economy and society as a whole; taxpayer bailouts must be conditional upon banks providing services and credit to citizens and SMEs as opposed to simply paying down debts built up due to their own speculation."@en1
lpv:unclassifiedMetadata	"Louis Grech (S&D ),"1 "in writing."1

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