Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-077"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20081008.14.3-077"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"On 24 September I was asking in a written statement if Europe is prepared to absorb the shock induced by its indissoluble link with the US market and if the EUR 36.3 billion injected into the market by the ECB and Bank of England is enough to make the danger disappear. A few days later Fortis Bank and Dexia Bank were also caught in the stream of the financial crises. Furthermore, Iceland’s banking system hit the ground (culminating with acquisition by the government of Glitnir Bank) and the UK Government announced further money infusion (GBP 200 billion) in its economy.
The events that have occurred so far provided an answer to my question that was posted as a rhetorical one. Now, what is going to happen next? We know by now the financial institutions that were hit. The big ones. What we do not know is who else was hit and keeps the thrash hidden. What about the dozens of regional US banks who were involved in lending easy money in the housing sector? What about the European banks who could not stay far from investing in all kind of US exotic financial instruments that invaded the markets this decade?"@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata |
Named graphs describing this resource:
The resource appears as object in 2 triples