Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-20-Speech-4-020-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-01-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Report on competition policy 2009 (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20110120.3.4-020-000"2
lpv:hasSubsequent	lp_eu:2011-01-20-Speech-4-021-0002
lpv:speaker	lp:Philippe Lamberts2
lpv:spokenAs	member; ECON (2010-09-20--2012-01-18)3,3 member; G/EFA (2009-07-14--2014-06-30)3,3 member; ITRE (2009-07-16--2012-01-18)3,3 unknown; Ecologistes Confédérés pour l'Organisation de Luttes Originales (2009-07-14--2014-06-30)3,3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3,3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3,3
lpv:translated text	"Mr President, answering that kind of question in 30 seconds is clearly an almost impossible task. What is the issue here? The European Central Bank (ECB) agrees to provide liquidity to banks that request it, in an unlimited way, accepting all kinds of assets as collateral for that liquidity. However, we do not have a very clear idea of the nature of those assets. We also strongly suspect that many of them are, as they say, syphilitic or toxic assets whose real market value is very difficult to determine and some of those assets might even be worthless. Under such conditions, this therefore constitutes a direct form of aid. Clearly, if the ECB did not provide this liquidity in exchange for these guarantees, which are actually quite short-lived, then it is possible that some of these financial institutions would go bankrupt. Finding an answer to this is not simple; however, in any case, the first step is to have transparency as regards those assets."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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