Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-15-Speech-2-049-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2014-04-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Framework for the recovery and resolution of credit institutions and investment firms - Deposit guarantee schemes (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20140415.6.2-049-000"2
lpv:hasSubsequent	lp_eu:2014-04-15-Speech-2-050-0002
lpv:speaker	lp:Phil Prendergast2
lpv:spoken text	"Madam President, I wish to pay tribute to the work done by Elisa Ferreira for her longstanding commitment and her determination to prevent a repetition of the financial disasters that have cost us so much since 2008. As my colleague Mairead McGuinness has said, it cost us EUR[nbsp ]64 billion in public money – equivalent to over 40% of our GDP. This deal actually brings us many steps forward towards a stronger and more prudent European banking system. Together with stronger banking supervision and stricter capital requirements we will now have rules for the orderly winding down or restructuring of our troubled banks. I believe it is the most important piece of legislation that we will have passed in this term of the European Parliament. I wish we had done it sooner and that the Member States had allowed it to go further. We will have a hierarchy of shareholders and bondholders responsible for bailing in banks and taking on the bulk of their losses, and an EU Single Resolution Mechanism funded by the bank levies will be in place to deal with the remainder of the losses."@en1
lpv:spokenAs	member; S&D (2011-04-21--2014-06-30)3 member; Delegation for relations with the United States (2011-05-09--2014-06-30)3 substitute; PETI (2012-01-19--2014-06-30)3 substitute; AGRI (2012-01-19--2014-06-30)3 member; IMCO (2012-01-19--2014-06-30)3 unknown; Labour Party (2011-04-21--2014-06-30)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2011-05-05--2014-06-30)3
lpv:unclassifiedMetadata	"Phil Prendergast (S&D ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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