Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-302"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20091215.18.2-302"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"First and foremost, we should find a solution to avoiding a similar crisis in the future. The mess caused by the global financial system is sweeping across the world, having a direct impact on the real economy because companies have no access to credit, which is the vital lifeblood of the economy. The lesson from this is obvious. It is clear that we must get rid of the belief placed in the market’s self-regulation and supremacy, and accept and enforce the state’s regulatory role.
We talk about economic recovery, but obviously, the ultimate aim we want to achieve through this is to protect jobs. This means that priority is given to support for small and medium-sized enterprises in Europe as well, as they actually provide the majority of jobs. The terms for gaining access to credit are a fundamental issue. Certainly, the banks have operated sensibly, as we heard from Mr Almunia. This applies to Hungary as well, for instance, where all the commercial banks are subsidiaries of foreign owned banks. Therefore, because of their prudence, they have tried to withhold credit in such a way that it has also paralysed the domestic economy.
Direct subsidies, which the EU also allows, are also obviously required, but they should not be given to those governments, like the current Hungarian Government, which primarily supports the settlement of multinational firms rather than small and medium-sized enterprises. Today, we discussed the matter of the European Agricultural Fund for Rural Development when dealing with the modification to the European Commission’s 2009 Finance Bill. In its draft, the Commission has taken the significant and drastic measure of holding back these funds, even though they are precisely earmarked for maintaining the rural population.
Why are we talking about this region separately? The reason is that it has become much more vulnerable than the western part of Europe. We need to go back in time to the 1990s, when it became clear that our hope – that our economy in Hungary would also become independent in this democracy – was in vain. This region suffered from the ever-increasing burden of the instalment repayments covering the inherited debts, as well as the using up of its cheap natural and human resources, while all these generated very significant financial revenue in the Western countries. This is why I feel obliged to say now, with proper justification, that this region should receive more support, as this is a matter of obtaining partial compensation."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples