Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-143"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100706.24.2-143"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-1442
lpv:speaker	lp:Syed Kamall2
lpv:spoken text	"Mr President, whenever we talk about the economic and financial crisis, it is important that we look back and learn the lessons from that crisis. Have we learned the lesson that it was inappropriate regulation in the United States that forced banks to lend to uncreditworthy customers, thereby leading inevitably to the subprime crisis when one in ten of those taking out loans were uncreditworthy customers who could not pay back those loans and we felt the effects across the world? Have we learned the lesson of those governments that print money as if money has no value, but forget the lessons of what was said by the Austrian economist, Ludwig von Mises, the only economist to have predicted the financial crisis? He said that money has a value and when you make money cheap, companies and individuals make what he calls ‘malinvestments’ and that creates a credit bubble and eventually the market catches up and the whole thing collapses. That is what we did, that is how the financial crisis started and let us make sure we learn those lessons."@en1
lpv:spokenAs	vice-chair; AFCO (2009-07-20--2011-02-01)3 substitute; INTA (2009-07-21--2012-01-18)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; PECH (2009-07-14--2013-11-18)3 substitute; ECON (2009-07-21--2011-06-07)3 substitute; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 member; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2012-02-01)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3
lpv:unclassifiedMetadata	"Syed Kamall (ECR )."1
lpv:videoURI	<go to Events_and_structure europarl>2

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The resource appears as object in 2 triples

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