Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-998"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-03-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparation of the European Council (19-20 March 2008) - European Economic Recovery Plan - Guidelines for the Member States’ employment policies - Cohesion Policy: investing in the real economy (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20090311.3.3-998"2
lpv:hasSubsequent	lp_eu:2009-03-11-Speech-3-0872
lpv:speaker	lp:Louis Grech2
lpv:spoken text	"As the financial crisis is deepening with no end in sight, I think that more funds will be necessary in order to stabilise the European economy and stop the downward spiral. Other bottlenecks include the spiralling rate of unemployment and enormous insecurity in the labour market. Non availability of credit, together with the increase in the public deficit, is still a major problem and is a key factor if we really want to successfully and effectively tackle economic recession. It is very important that adequate credit supply is re-established and that money should be used as an economic stimulus i.e. to flow to families and companies. It is necessary to create incentives to attract capital investment. Unfortunately, at the moment, there is no European mechanism or institution capable of coordinating an integrated continental recovery and therefore we are reapplying patchwork solutions that may fail as a whole, since Member States’ economies are highly interdependent. The European recovery efforts must go hand in hand with regulatory changes to avoid repeating the mistakes that brought us into the crisis. Lack of regulation and poor supervision have been at the root of the problem and we need to re-establish effective regulations."@en1
lpv:spokenAs	substitute; IMCO (2008-11-07--2009-07-13)3 member; Delegation to the Euro-Mediterranean Parliamentary Assembly (2004-09-15--2009-07-13)3 vice-chair; Delegation for relations with the Korean Peninsula (2007-03-14--2009-07-13)3 member; PES (2004-07-20--2009-07-13)3 member; Delegation for relations with Australia and New Zealand (2008-04-09--2009-07-13)3 vice-chair; ECON (2008-12-15--2009-07-13)3 substitute; Delegation to the EU-Croatia Joint Parliamentary Committee (2004-09-15--2009-07-13)3 unknown; Partit Laburista (2004-07-20--2009-07-13)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2007-03-15--2009-07-13)3
lpv:unclassifiedMetadata	"Louis Grech (PSE ),"1 "in writing."1

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