Financial, Economic and Social Crisis Committee holds opening session

Published: 6 November 2009 y., Friday

Laikas - pinigai
The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November). Rapporteur Pervenche Berès vowed that she would ensure that it focuses on the “financial, economic and social crisis all together” rather than each individually. The 45-strong committee, led by German Liberal Wolf Klinz, is expected to hold hearings and investigations with the aim of drawing up a report soon.

At the opening session Ms Berès, a French Socialist, wondered aloud whether their mandate was to find an exit strategy out of the crisis or an entry strategy for a new approach.

For the Greens Pascal Canfin said that he felt the European economy was still tottering on the brink saying “we are once again in a period of speculation”.

“Unconfined and pragmatic thinking”

For the centre-right EPP group Othmar Karas called for an open mind saying that what was needed was  “unconfined and pragmatic thinking”.

Italian Socialist Sergio Cofferati wanted the Committee's remit to be more defined however: “We need to focus on specific aspects of the crisis, to redefine the European competitive model, but also to establish red lines beyond which one cannot cross” he said.

“Ensure accountability”

There was also a call “to ensure accountability for those who don't meet standards” according to Irish Member Gay Mitchell. He also said that “the spirit of enterprise” was essential as it was “the other side of the coin of social justice”.

Set up in October this year, the Committee was asked “to analyse and evaluate the extent of the financial, economic and social crisis, its impact on the Union and its Member States, and the state of world governance and to propose appropriate measures for the long-term reconstruction”.


Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Finnish Started Business with 2 Lithuanian Print Houses

One of the biggest Finnish introducing broker companies Finnprinters, connecting customers and printing houses, has started joint business projects with Lithuania’s 2 printing houses. more »

In I quarter 2009, based on the labour force survey data, theunemployment rate in the country reached 11.9 per cent

Statistics Lithuania informs that, based on the Labour Force Survey (LFS) data, the unemployment rate in I quarter 2009 reached 11.9 per cent, i.e. was close to the level of the year 2004. Over a quarter, the unemployment rate grew 1.5 times, over a year – 2.4 times. more »

Lithuania's foreign minister encourages to unite efforts for a swifter implementation of the Rail Baltica project

Lithuania’s Acting Minister of Foreign Affairs Vygaudas Ušackas discussed ways of accelerating the implementation of Rail Baltica in the current economic environment and attracting foreign investments for the implementation of this project. more »

Gearing up for gas emergencies

Proposals for transparency and monitoring to keep gas flowing to the EU. more »

Another economic stimulus?

On a day in which G8 leaders in Italy said the world economy still faces "significant risks," a top White House official said the Obama administration is not discussing a second stimulus plan. more »

Microfinance for Europe's unemployed

EU proposes microfinance facility to encourage the unemployed to start their own businesses. more »

Wonky fruit & vegetables make a comeback!

For those of you who like your fruit and vegetables to look as crooked, knobbly and curvy as possible 1 July was a good day. more »

Disney eyes Hong Kong expansion

Walt Disney will invest almost half a billion U.S. dollars into its Hong Kong Disneyland, to bolster the park's prospects against a planned rival in Shanghai. more »

For the first time in Lithuania two investment funds are merged

On 26 June 2009 Securities Commission (SC) approved the merge of investment funds controlled by UAB SNORAS Asset Management with SNORAS Global Equity Funds of Funds (SGEFF) by joining JT Baltic Equity Fund I. more »

DnB NORD Bankas revises deposit rates

Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers. more »