Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-314"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-11-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:EU response to the world financial crisis: follow-up of the informal European Council from 7 November and of the G20 Summit from 15 November 2008 - Commission's legislative and work programme for 2009 (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20081118.29.2-314"2
lpv:hasSubsequent	lp_eu:2008-11-18-Speech-2-3152
lpv:speaker	lp:Enrique Barón Crespo2
lpv:spokenAs	member; Delegation for relations with the United States (2007-03-14--2009-07-13)3 substitute; Delegation for relations with the countries of South Asia (2007-03-15--2009-07-13)3 member; AFCO (2007-01-31--2009-07-13)3 unknown; Partido Socialista Obrero Español (2004-07-20--2009-07-13)3 substitute; ECON (2007-01-31--2009-07-13)3 member; PES (2004-07-20--2009-07-13)3
lpv:translated text	"Madam President, Commissioners, ladies and gentlemen, the G20 Summit has set a very ambitious agenda, which is simply to ensure that financial globalisation is subject to rules. In Europe this means learning from our experiences and taking advantage of the lessons of capitalism which is an interest-based system in which, without rules, if you are too greedy, you can end up with nothing. The Commission President has raised certain issues with us so as not to give in to populism, but there are things that can be done. Mad cow disease taught us that you cannot sell harmful and rotten products in supermarkets or butchers’ shops and that there must be rules. In Europe we can do things if we learn from our mistakes, as has happened in my country. For example, we could decide that the banks, building societies and financial institutions must establish funds for times of crisis or also, Madam President, that off-balance-sheet transactions and unproven securitisation processes are prohibited. This would be a step towards the prudent management that financial institutions should practise and that we have still not achieved in Europe. I believe that the Commission would do well to also work in this area."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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