Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-23-Speech-3-064"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the European Council meeting (17 June 2010) (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20100623.9.3-064"2
lpv:hasSubsequent	lp_eu:2010-06-23-Speech-3-0652
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; EPP (2009-11-25--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 substitute; LIBE (2009-07-16--2012-01-18)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"The agreement reached last week is a step in the right direction. The initiatives undertaken by the individual States will be ineffective unless we have coordinated action at EU level. We need European economic governance, robust financial supervisory authorities, shared rules and initiatives in order to restore growth and revitalise the economy. Nevertheless, two aspects should be highlighted. Parliament has powers of codecision with duties and responsibilities that cannot be disregarded. Therefore, decisions should not be taken at intergovernmental level alone. In the recent crisis, not all banks had to resort to state intervention. There were bodies which did not pursue speculative finance and which, in the event of problems, solved them by means of their internal liquidity. Accordingly, we should draw a distinction and ensure that the mechanisms which operate in the event of a crisis are financed by those bodies which, owing to their structure, assets and reserves, could spark crises in the future. Lastly, in order to maintain competitiveness at global level, this kind of measure must be coordinated at G20 level, and we must avoid Europe imposing on its businesses burdens that Asian or American businesses do not have to bear."@en1
lpv:unclassifiedMetadata	"ex ante"1

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