Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-400"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Specific tasks for the European Central Bank concerning the functioning of the European Systemic Risk Board - Powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority - European Securities and Markets Authority - Macro-prudential oversight of the financial system and establishment of a European Systemic Risk Board - European Banking Authority - European Insurance and Occupational Pensions Authority - Cross-Border Crisis Management in the Banking Sector (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-400"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4012
lpv:speaker	lp:Claudio Morganti2
lpv:spokenAs	member; Delegation to the EU-Mexico Joint Parliamentary Committee (2009-09-16--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Lega Nord (2009-07-14--2013-11-04)3 member; BUDG (2009-07-16--2012-01-18)3 member; EFD (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3
lpv:translated text	"Madam President, ladies and gentlemen, I share the aim of safeguarding the security of the markets and the investments of European citizens. I wonder, however, whether the road we are about to embark upon is the right one. I would not want the reactions of the European institutions, and ours in particular, to miss the mark in their response to the crisis and the recent financial scandals. To create new laws and new so-called independent authorities may not, in fact, be the essential and decisive solution to the current problems. Across Europe, there are already, both at European and national level, a great many and extremely costly independent authorities which, in any case, did not avoid the market crisis, or the difficulties and financial scandals recently seen in Europe. I agree that we need closer coordination between the various national authorities but I also believe that it is not necessary to sanction everything in this area. Maintaining the possibility of having autonomous supervisory bodies is, in my opinion, surely preferable in order to provide greater protection for investments and savers. Finally, I am convinced that politics should take more responsibility. As the only European institution which is directly accountable to the people, I believe that we must not relinquish our prerogatives. We must not and cannot place blind trust in so-called independent authorities: they are a technical instrument for us to make use of, but they are not, and never will be, the solution per se."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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