Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-14-Speech-4-095"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-03-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20020314.6.4-095"2
lpv:hasSubsequent	lp_eu:2002-03-14-Speech-4-0962
lpv:speaker	lp:Roseline Vachetta2
lpv:spokenAs	substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Palestinian Legislative Council (2002-02-07--2004-07-19)3 substitute; Committee on Regional Policy, Transport and Tourism (2002-01-17--2004-07-19)3 member; EUL/NGL (1999-07-20--2004-07-19)3 member; Committee on Industry, External Trade, Research and Energy (2002-01-17--2004-07-19)3 unknown; Ligue Communiste Révolutionnaire (1999-07-20--2004-07-19)3
lpv:translated text	". The proposed directive establishes prudential rules (capital adequacy requirements and supplementary supervision) with regard to financial conglomerates. We believe the aim is the socialisation of these sectors (credit, insurance and investment) because the purpose of these rules, in our view, stems from a public service approach. In a rational economy, funding should be granted according to social need for investment, and insurance should be integrated into social funds for investment and social protection. This directive is a feeble attempt to regulate the financial markets, the chaotic workings of which are now seen to be the cause of financial crises and social catastrophes throughout the world, as the Enron affair has illustrated. I voted in favour of the directive without any illusions, if only to curb the ambient ultra-liberalism and because we are not in favour of making things worse in order to further our own ends, which would amount to waiting for faults in capitalism to result in a final crisis. Social campaigning alone will put a stop to the erring ways of an uncontrollable system."@en1

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