Parliament opens enquiry into financial crisis

Report of a EurActiv interview with Wolf Klinz, MEP. chairman of the Special Committee on Financial, Economic and Social Crisis (CRIS) that was established in October 2009. It is expected to work for at least a year.

In a mid-term report issued in September 2010 CRIS said that the crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, and also the need to involve the European Parliament more closely in decision-making. EU and national recovery plans should pay special attention to small business needs and innovative energy projects, it added.

• Primary Source

EurActiv, 28.10.09: EU needs to tackle global imbalances, says Berès http://www.euractiv.com/en/priorities/eu-needs-tackle-global-imbalances-bers/article-186820

European Parliament: Press Release, 15.10.09 http://www.europarl.europa.eu/news/expert/infopress_page/042-62349-285-10-42-907-20091012IPR62348-12-10-2009-2009-false/default_en.htm

European Parliament: Press Release, 28.9.10: Crisis and beyond: cross-party call to bolster EU economy against future shocks http://www.europarl.europa.eu/pdfs/news/expert/infopress/20100927IPR83707/20100927IPR83707_en.pdf

European Parliament: Activities: Committees: Financial, Economic and Social Crisis (CRIS) http://www.europarl.europa.eu/activities/committees/homeCom.do?language=EN&body=CRIS

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