Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-09-05-Speech-3-214"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2007-09-05"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial instability and the impact on the real economy (debate)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20070905.21.3-214"2
lpv:hasSubsequent	lp_eu:2007-09-05-Speech-3-2162
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	substitute; Delegation to the Euro-Mediterranean Parliamentary Assembly (2004-09-15--2009-07-13)3 unknown; Coligação Democrática Unitária (PCP-PEV) (2004-07-20--2009-07-13)3 vice-chair; EUL/NGL (2004-07-20--2009-07-13)3 substitute; AGRI (2007-01-31--2009-07-13)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 member; Delegation for relations with Mercosur (2007-03-14--2009-07-13)3 vice-chair; EMPL (2007-01-31--2009-07-13)3 member; FEMM (2007-01-31--2009-07-13)3
lpv:translated text	"This debate was intended to clarify the essential issue of the moment, that is the reason for this situation of financial instability. It is not enough to identify the problem after it has already become apparent. It is even less helpful to propound remedies, which in practice serve only to alleviate certain consequences for the moment but which, in the short and medium term, will not change anything. We all know that the real economy is based on production, distribution and the consumption of goods in accordance with people’s needs, whether those needs be real, imagined or created by advertising. That means that the money in circulation ought to match that real economy; and yet the greed of those who want ever higher earnings has led to the creation of stock exchanges and speculative profits in a type of casino economy, putting the production sector in second place and encouraging financialisation of the system. That is the root of the current problem which the central banks are trying to alleviate by placing even more money in circulation or putting up interest rates. These processes have their limitations and run the risk of creating new speculation bubbles or of further damaging the real economy, thus increasing costs for families."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph