Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-20-Speech-4-042-000"

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	"ro"^^xsd:language2
lpv:document identification number	"en.20110120.3.4-042-000"2
lpv:hasSubsequent	lp_eu:2011-01-20-Speech-4-043-0002
lpv:speaker	lp:George Sabin Cutaș2
lpv:spokenAs	member; Delegation for relations with the Korean Peninsula (2009-09-16--2014-06-30)3 substitute; Delegation to the Cariforum — EU Parliamentary Committee (2010-09-07--2014-06-30)3 substitute; INTA (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Iran (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 member; S&D (2009-07-14--2014-06-30)3 unknown; Partidul Social Democrat + Partidul Conservator (2009-07-14--2014-02-25)3
lpv:translated text	"Mr President, competition policy plays a key role in guaranteeing the European economy’s competitiveness, with the control of State aid being an integral part of this. At the same time, during the current crisis, the European Commission has seen the need to approve State aid grants, especially for the banking sector, but also for other sectors which have encountered difficulties. Member States have therefore granted sizeable sums in the form of guarantee schemes, recapitalisation schemes and other forms of financing banking institutions’ liquidity, with the aim of providing them with a source of funding and a guarantee against risks. However, the European Commission must keep a close watch on the sector and submit plans for restructuring and regulating financial institutions to guarantee that they will not continue to adopt risky behaviour which jeopardises the European Union’s financial stability. Otherwise, State aid is only helping perpetuate financial difficulties in the European Union."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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