Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-056-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-10-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation for the European Council meeting (23 October 2011) (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20111012.14.3-056-000"2
lpv:hasSubsequent	lp_eu:2011-10-12-Speech-3-057-0002
lpv:speaker	lp:Philippe Lamberts2
lpv:spokenAs	member; ECON (2010-09-20--2012-01-18)3 member; G/EFA (2009-07-14--2014-06-30)3 member; ITRE (2009-07-16--2012-01-18)3 unknown; Ecologistes Confédérés pour l'Organisation de Luttes Originales (2009-07-14--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, Mr Barroso, I should like to return to the issue of the recapitalisation of the banks. You have quite rightly drawn attention to conditionality, which must be linked to this recapitalisation. You said, in any case, that the private sector must be the first to contribute. You said that there should be no more bonuses and no more dividends while this exercise is under way, and you emphasised once again the issue of a tax on financial transactions. I support you on that. I am asking you to be consistent. I am asking you to insist that those same conditions are applied to all banks that are still receiving government support today – and there are many of them – but I am also asking you to ensure that they are applied to all banks that fail to meet the new Basel III requirements. The transition period is very long, much too long. Well, I believe that the conditions that you have set out should be applied for the duration of that transition period. Ultimately, I believe that it is important to tackle the problem at its root, as some people have said today. I believe that we have certain expectations of your Commission regarding this infamous casino issue, and it is true that it has disappointed us so far. Today, the derivatives markets are 30 times the size of the real economy. You need to start by isolating this casino, in other words, separate the different types of banking, and then actually close it. This must result in far more ambitious measures regarding the derivatives markets. So far, we have the European Market Infrastructure Regulation, we have the question of credit default swaps, and on that point I feel that your Commission has not demonstrated the ambition that you wish to convey today."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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