Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-04-27-Speech-2-203-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2017-04-27"^^xsd:date2
dcterms:Is Part Of	lp_eu:Annual report on the control of the financial activities of the European Investment Bank for 2015 (A8-0161/2017 - Nedzhmi Ali)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20170427.77.2-203-000"2
lpv:hasSubsequent	lp_eu:2017-04-27-Speech-2-204-0012
lpv:speaker	lp:Daniel Hannan2
lpv:spoken text	"Madam President, what is the purpose of a bank that is backed by the taxpayer and that intervenes in the private sector? The only possible justification is that governments know better than the market. If there is a good bet, investors will see that and will put their money in accordingly, but the notional justification for this kind of bank is that we know better than the market and will make better decisions. As a matter of fact, as we have heard during this debate, that has not been the outcome of these EIB loans, and in fact it never is. If you take that argument to the extreme, you get East Germany rather than West Germany, and North Korea rather than South Korea. We have tested to its limits the idea that the State knows better than the market. The real purpose of a bank like this is that it opens the door for us to promote projects that we happen to like. It therefore inevitably opens the door to favouritism and cronyism. Yet the only solution we have heard today – the only criticism – of all the failings of the EIB is to bring it under more direct political control. In fact, we politicians should learn to do less."@en1
lpv:unclassifiedMetadata	"Daniel Hannan (ECR )."1
lpv:videoURI	<go to Events_and_structure europarl>2

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph