Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-05-06-Speech-3-088"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-05-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Credit requirements directives: Directives 2006/48/EC and 2006/49/EC - Community programme for financial services, financial reporting and auditing2
dcterms:Language	"cs"^^xsd:language2
lpv:document identification number	"en.20090506.3.3-088"2
lpv:hasSubsequent	lp_eu:2009-05-06-Speech-3-0892
lpv:speaker	lp:Miloslav Ransdorf2
lpv:spokenAs	substitute; REGI (2007-01-31--2009-07-13)3 unknown; Komunistická strana Čech a Moravy (2004-07-20--2009-07-13)3 substitute; Delegation for relations with the countries of South Asia (2007-03-15--2009-07-13)3 vice-chair; ITRE (2007-02-01--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 vice-chair; EUL/NGL (2004-07-20--2009-07-13)3
lpv:translated text	"Mr President, I firmly believe that the measures we are debating here should also be of a preventive nature, since the situation is very grave. The volume of financial derivatives on the world market is five times larger than the worldwide gross domestic product and this is a bubble that is going to burst, with the risk that gross domestic product will drop dramatically, particularly in the United States. The whole world, including European countries, would suffer. There is also the danger of hyperinflation, since the prevailing idea, especially in the United States, appears to be that all problems can be resolved by pouring more and more money into the system, even though this strategy displays serious shortcomings. I therefore believe that the preventive aspect is highly important, and that some of the more controversial instruments used on the financial markets, such as shadow banking for example, should simply be banned."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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