Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-074-000"

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	"hu"^^xsd:language2
lpv:document identification number	"en.20111012.14.3-074-000"2
lpv:hasSubsequent	lp_eu:2011-10-12-Speech-3-075-0002
lpv:speaker	lp:Ildikó Gáll-pelcz2
lpv:spokenAs	member_of_the_bureau; EPP (2010-11-16--2014-06-30)3 substitute; Delegation for relations with Japan (2010-06-30--2014-06-30)3 substitute; EMPL (2010-09-28--2011-12-13)3 member; ECON (2010-10-06--2012-01-18)3 unknown; Fidesz-Magyar Polgári Szövetség-Keresztény Demokrata Néppárt (2010-06-02--2014-06-30)3 member; Delegation to the EU-Croatia Joint Parliamentary Committee (2010-07-05--2013-06-30)3
lpv:translated text	"Mr President, many people may view the postponement of the Council summit as a sign of procrastination and indecision. I can only hope that the market will see things differently. After all, there are truly important questions awaiting a definitive, reassuring Community response from this summit. One such question is the recapitalisation of the banks, although this is only acceptable as far as it is necessary in order to revitalise the internal market. Commissioner, the capital injections provided to the banks up to now have not achieved this. Of course it is also relevant to ask to what extent bank recapitalisation is actually aid in disguise. There may be potential that can be exploited in the EU internal market, but to ensure a balance will involve treading a very fine line indeed. Condemning some on the grounds of receiving hidden State aid, while actually handing out State aid to others under the guise of various legal entitlements, would not only distort competition; it would upset the entire system. The European Central Bank (ECB) is set to launch a EUR 40 billion bond purchasing programme before the year is out. This is good news. It would be very risky, however, if these purchases can be conducted in secondary as well as primary markets. Giving the banks unlimited liquidity for a period of more than a year also carries unforeseeable risks. If this is, in fact, what happens, then the European Financial Stability Facility currently taking shape under the banner of solidarity is based on false premises. I sincerely hope that the delay, the change of date, will be worth it, and that the Council will indeed be able to approve a comprehensive strategy at its summit on 23 October."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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