Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-046"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-10-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation of the European Council, including the situation of the global financial system (continuation of debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20081008.14.3-046"2
lpv:hasSubsequent	lp_eu:2008-10-08-Speech-3-0472
lpv:speaker	lp:Cristiana Muscardini2
lpv:spokenAs	co-chair; UEN (2004-07-20--2009-07-13)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 unknown; Alleanza nazionale (2004-07-20--2009-07-13)3 vice-chair; INTA (2007-02-01--2009-07-13)3 substitute; FEMM (2007-01-31--2009-07-13)3 substitute; PETI (2007-01-31--2009-07-13)3 member; Delegation to the Euro-Mediterranean Parliamentary Assembly (2008-05-08--2009-07-13)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2004-09-15--2009-07-13)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2004-09-15--2009-07-13)3 substitute; ENVI (2007-01-31--2009-07-13)3 member; Conference of Presidents (2006-12-13--2009-07-13)3 substitute; Temporary Committee on Climate Change (2007-05-10--2009-02-04)3
lpv:translated text	"Madam President, ladies and gentlemen, we fully agree with what President Sarkozy said in Evian: that only the coordinated action of central banks and governments will make it possible to curb the systemic risk. This does not take away the fact that, notwithstanding today’s interesting debate, we still have some worrying doubts over why the European Central Bank did not lower rates sooner in the light of events in the US market, in the global markets and in the financial markets, particularly in some EU countries. We question this because there has been no clear position on the issue of derivatives, when we know that these products caused major public institutions and authorities in Italy and Europe to run up massive debts. We question it because the consolidation policy of banking institutions has continued, on many occasions creating idols with feet of clay without taking into account the real system that exists in our countries, and the reason why consumer credit has been uncontrolled, leading to huge debts being amassed both by individuals and, as a knock-on effect, banks. In short, we are asking for Europe to have the courage today to review the Stability Pact, which now belongs in the last century. With an exponential number of new crises emerging, we need swift and sure-fire decisions. Since we were talking about small and medium-sized enterprises earlier, we also need the Council to be clear about the fact that the Commission has a duty to introduce further cuts in fuel costs."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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