Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-124"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-10-21"^^xsd:date2
dcterms:Is Part Of	lp_eu:European Council meeting (15-16 October 2008) (debate)2
dcterms:Language	"hu"^^xsd:language2
lpv:document identification number	"en.20081021.7.2-124"2
lpv:hasSubsequent	lp_eu:2008-10-21-Speech-2-1262
lpv:speaker	lp:Csaba Sándor Tabajdi2
lpv:spokenAs	member; Temporary Committee on Climate Change (2007-05-10--2009-02-04)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2004-09-15--2009-07-13)3 member; PES (2004-07-20--2009-07-13)3 member; AGRI (2007-01-31--2009-07-13)3 substitute; AFET (2007-01-31--2009-07-13)3 unknown; Magyar Szocialista Párt (2004-07-20--2009-07-13)3 member; DROI (2007-01-31--2009-07-13)3 substitute; Delegation for relations with the People's Republic of China (2007-03-14--2009-07-13)3
lpv:translated text	". We must not allow Europe to pay the price of the financial crisis and speculation that originated in the United States. Ordinary people must not suffer the consequences of the banks’ short-sightedness and the speculators’ greed. The package adopted by the European Council will hopefully stem the tide of this financial tsunami. The paramount task of the European Union together with the governments of the Member States must be to do everything possible to alleviate the social and economic effects of the crisis, prevent a long recession and protect investments. We need to build reserves in order to protect our citizens. To this end, countries in Europe are compelled to introduce emergency measures, reduce budgetary expenditures, temporarily suspend planned tax reductions and even raise taxes. This is what is happening from France to Great Britain, from Italy to Latvia. However, the only way to achieve this effectively is by national consensus; anyone who goes against it puts the nation’s financial stability in jeopardy. The fundamentals of market economy need to be reconsidered. The social control of market processes is indispensable, not in order to thwart competition but to place it under necessary regulatory oversight. The European Parliament supports the idea of a financial and capital market supervisory authority at European level, previously suggested by the Hungarian Prime Minister Ferenc Gyurcsány. It is unacceptable that the culprits should get away without being held accountable. Freezing their multi-million dollar salaries is not a punishment. Punitive measures must not be eluded, including the confiscation of the property and freezing of the assets of those at fault for provoking an international financial crisis."@en1

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