Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-095"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-05-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Outcome of the summit of 7 May 2010 and the ECOFIN meeting - What is the political relevance of the EU 2020 strategy in the context of the current financial and economic crisis? - Consequences of the financial and economic crisis on the EU 2020 strategy and its governance - What is the relevance of the EU 2020 strategy in the framework of the current financial and economic crisis? (debate)2
dcterms:Language	"fi"^^xsd:language2
lpv:document identification number	"en.20100519.3.3-095"2
lpv:hasSubsequent	lp_eu:2010-05-19-Speech-3-0962
lpv:speaker	lp:Sirpa Pietikäinen2
lpv:spokenAs	substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; FEMM (2009-07-16--2012-01-18)3 member; EPP (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Kansallinen Kokoomus (2009-07-14--2014-06-30)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; ENVI (2009-07-16--2012-01-18)3
lpv:translated text	"The economic crisis we are seeing is made up of a continuum of three crises that are linked to one another. These are the financial crisis, the crisis in the real economy that followed it, and the crisis in the public economies that now comes from them. These crises reveal the problems of European and global control and supervision: the economic crisis is largely a matter of a crisis in the system that once prevailed and in policy. Both the world of finance and economic activity no longer know their limits. It is not possible to manage activity that goes beyond its limits merely by resorting to national tools: we need regional and global rules. As Mr Monti’s report, which appeared last week, states, a single ad hoc solution to each crisis is no longer enough for Europe. We need predictive and long­term solutions and tools to help us manage future crises better than we do now. Crucial here are the willingness and ability of the Member States to cooperate, and that still leaves a lot to be desired. The Council deserves praise for its decisive action in its solution to the crisis that has threatened the whole of the Union, but not for its very prompt action: real action on the part of the Member States only followed because it had to. The dawdling probably caused the situation to escalate. One of the most obvious forms of action in the future is the need to reform the EU’s budget and ensure that national budgets are more closely in line with common objectives. Financial controls and regulation are already being made more effective, but we still need more measures to ensure that all financial products are brought within the scope of effective and viable regulation."@en1

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