Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-855"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Specific tasks for the European Central Bank concerning the functioning of the European Systemic Risk Board - Powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority - European Securities and Markets Authority - Macro-prudential oversight of the financial system and establishment of a European Systemic Risk Board - European Banking Authority - European Insurance and Occupational Pensions Authority - Cross-Border Crisis Management in the Banking Sector (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-855"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4372
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; EPP (2009-11-25--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 substitute; LIBE (2009-07-16--2012-01-18)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"The EU cannot tackle this type of emergency promptly and effectively because it lacks suitable political and economic mechanisms and common rules. Firstly, we need a supervisory system that actually works, that goes beyond the bureaucratic approach used so far to tackle the systemic crises. Secondly, it is crucially important to coordinate and harmonise economic and fiscal policies, even if it means leaving behind those countries that are most reluctant to harmonise these policies. The European Union has a political, social and moral duty to intervene. That duty finds its justification in the values underpinning the Union and enshrined in the treaties. First and foremost, however, the Union has its own concern: the recent global crisis has already amply demonstrated how interconnected the financial systems are, and the Member States of the euro area are even more interconnected. Thus, in order to avert a crisis that could have much more serious consequences, it is necessary to monitor and intervene by means of strict external controls. The economy can only function with healthy financial markets dedicated to it. This is one of the conditions that must be met if citizens are to make the internal market, the European market, their own."@en1

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