Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-329"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-03-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20100325.34.4-329"2
lpv:hasSubsequent	lp_eu:2010-03-25-Speech-4-3302
lpv:speaker	lp:Nikolaos Chountis2
lpv:spokenAs	member; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 unknown; Coalition of the Radical Left (2009-07-14--2014-06-30)3 substitute; AFET (2009-07-16--2012-01-18)3 member_of_the_bureau; EUL/NGL (2009-07-14--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; SEDE (2009-07-16--2012-01-18)3
lpv:translated text	"I voted against the ECB report for 2008. Since 2008, the ECB has provided liquidity to merchant banks, but without setting specific and strict rules and criteria as to where this additional liquidity is to be used. As a result, there has been a decrease in loans granted to small and medium-sized enterprises and consumers and the anticipated reduction in consumer borrowing rates has not come about. At the same time, the ECB has demonstrated once again that it is unable to put an end to the mockery being perpetrated by the merchant banks, which borrow from the ECB at a rate of 1% and lend to the states at much higher interest rates. It must be acknowledged that the independence of the central banks was not the right choice, both from the point of view of democratic and political control and from the point of view of economic efficacy. What we need now is not only strict regulation of the financial sector, but also a restriction on its size and importance in relation to the real economy."@en1

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