Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-051"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparations for the European Council meeting (17 June 2010) - Preparations for the G20 summit (26-27 June) (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20100616.4.3-051"2
lpv:hasSubsequent	lp_eu:2010-06-16-Speech-3-0522
lpv:speaker	lp:José Manuel García-margallo Y Marfil2
lpv:spokenAs	substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2011-12-20)3 vice-chair; ECON (2009-07-16--2011-12-20)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2011-12-20)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 chair; Delegation for relations with the countries of the Andean Community (2009-09-16--2011-12-20)3 unknown; Partido Popular (2009-07-14--2011-12-20)3 member; Conference of Delegation Chairs (2009-09-16--2011-12-20)3 substitute; IMCO (2009-07-16--2011-12-20)3 member_of_the_bureau; EPP (2009-09-16--2011-12-20)3
lpv:translated text	"Madam President, I am going to keep to my time limit and be very specific. I am going to tell the Council and the Commission exactly what they need to do in a week’s time if they want an agreement on the financial package. The major premise is that the future is looking brighter than it was a while ago, but there are still some clouds on the horizon. According to the International Monetary Fund, USD 800 billion are owed in losses not disclosed by the banks, and the international bank has lent USD 2.2 billion to southern economies that are at risk. The reform of the financial markets needs to happen now, because what is important is not that there might be a crisis – which there might be – but that we have put the measures in place to navigate it. The second premise is that there are significant disagreements between the Council and Parliament with regard to the European supervision package. Parliament wants the entities that could cause the system to collapse and endanger the real economy to be supervised more strictly by a genuinely European authority. That is economic governance. We also want mechanisms to be established now to remodel the entities that could cause the whole system to collapse. This is not about rescuing them, but about remodelling them and, if necessary, liquidating them without spreading the infection or rescuing them as a result, as it is always the same people who pay for this. Thirdly, the ‘polluter pays’ principle requires the sector to establish a fund to pay the costs of the crisis. The Council has a week to do what the Larosière report said and to reach an agreement in Parliament; if not, the rotating Presidency of the Council will be entirely responsible."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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