Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-523"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-10-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20101020.21.3-523"2
lpv:hasSubsequent	lp_eu:2010-10-20-Speech-3-5242
lpv:speaker	lp:Vito Bonsignore2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2010-03-10--2014-06-30)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2014-01-22)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 substitute; BUDG (2009-07-16--2012-01-18)3 vice-chair; EPP (2009-07-14--2014-06-30)3 substitute; PECH (2010-03-10--2012-01-18)3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; Delegation for relations with the Mashreq countries (2009-09-16--2014-06-30)3
lpv:translated text	"I would like to thank Mr Feio for his excellent work in drafting this complex report. I voted in favour of it because I consider it of fundamental importance to improve the economic governance of the European Union. The financial crisis has indeed highlighted the lack of true political and economic coordination between Member States and the inefficacy of the various control instruments. It is now therefore time for Europe to set up a more reliable legal framework that observes the objectives of the EU 2020 strategy while also implementing greater control over debt and public income, fiscal incentives for SMEs, internal market development and integration of labour markets. In the light of recent agreements, I do not, however, support the introduction of numerical rules that could prove too mechanistic for some Member States and difficult to achieve. We should not forget that toxic assets and, to an even greater extent, excessive personal debt (sub-prime mortgages) lie at the root of the financial crisis. In other words, the crisis was caused by imbalance in the private and banking sector, not by state public debt. Lastly, I agree with recommendation 3 on enhancing state coordination by means of annual euro area surveillance reports."@en1

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