Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-176-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-12-01"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20111201.35.4-176-000"2
lpv:hasSubsequent	lp_eu:2011-12-01-Speech-4-177-0002
lpv:speaker	lp:Sergio Paolo Francesco Silvestris2
lpv:spokenAs	member; EPP (2009-07-14--2012-02-02)3 substitute; BUDG (2010-05-05--2012-01-18)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; AGRI (2010-05-05--2012-01-18)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-11)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, ladies and gentlemen, the report submitted to us today by the European Central Bank (ECB) contains information that I find deeply interesting. In 2010, the ECB earned a surplus of EUR 1 334 million; a fall compared to the previous period. Factors contributing to this fall were, firstly, the lower net interest income as a result of lower interest rates both on the Eurosystem’s main refinancing operations and on US dollar-denominated official foreign reserves and, secondly, the fact that no gold sales took place in 2010. The Governing Council decided to transfer, as at 31 December 2010, an amount of EUR 1 163 million to the risk provision, thereby increasing it to the level of its present ceiling. As a result, the ECB’s declared net profit for 2010 amounted to EUR 171 million, which the Governing Council decided to distribute in its entirety to the euro area national central banks. The purpose of the risk provision is to cover foreign exchange rate, interest rate, credit and gold price risks. The size of, and the continuing requirement for, this provision are reviewed annually. The ECB’s regular income derives from investment earnings on its foreign reserve assets and its own funds portfolio, from interest income on its 8% share of the total euro banknotes in circulation, and from net interest income arising from securities purchased for monetary policy purposes under the covered bond purchase programme and the Securities Markets Programme."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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