Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-059"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100325.3.4-059"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The way out of the complicated economic and financial crisis was not as effective as we had hoped. When the crisis began, the Member States’ programmes of support for banks were not coordinated with joint conditions set down at European level and some banks used additional funds allocated from the European Central Bank to cover their losses. Support for economic activity, in particular, small and medium-sized enterprises, was not coordinated either. The impact of these actions is clear: when they failed to receive loans from the banks on time, small and medium-sized businesses folded en masse. It was easier for the countries of the euro area to overcome the difficulties, as the European Central Bank ensured the provision of liquidity to these. If we believe in European solidarity, if we operate in one open market with the same competitive conditions and the main goal is to exit from this complex situation as soon as possible, I think that the European Central Bank should have ensured and must ensure the provision of liquidity to Member States not in the euro area that were hit particularly hard by this crisis."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples