Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-01-20-Speech-3-275"
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"en.20100120.16.3-275"2
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"What I must tell you is that I believe that the Council and the European institutions are doing a good job. I believe that they have done a good job and that a vast contribution has been made to preventing a collapse in the availability of liquidity throughout the economy.
Ecofin has been following and continues to follow the measures which have been adopted by the Member States. It is doing this is a systematic manner. For example, Ecofin is currently tasked with observing how guarantees granted to banks are made available, whether or not there are restrictions set for companies in the financial sector and how credit finance is being carried out by the European Central Bank.
I would simply like to say that on 7 December 2009, Mr Trichet, the President of the European Central Bank himself said that there are no restrictions to supply for banks to borrow money from the European Central Bank. There are no restrictions to supply. If there are banks which do not make use of this, that is a matter for each of these financial bodies; however, there are no forms of restriction as far as the European Union or the European Central Bank are concerned.
In any case, the Council, together with the European Parliament, is, of course, more than happy to examine the present directives to be debated in relation to financial supervision systems or any other initiative which the Commission may put forward in this regard."@en1
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