Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-01-15-Speech-3-136"
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"en.20030115.7.3-136"2
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".
Even from the perspective of the operation of the financial markets and the capitalist economy, the national fragmentation of the European Union is a handicap. Its entire history over past decades shows that it can only be overcome with great effort and difficulty.
In financial terms, you would like to emulate the system currently in use in the United States. In order to create this system, however, we would need to apply restrictive regulatory measures to the Member States, which they refuse to accept. The funniest thing is seeing the rapporteur – a banker by trade – explaining that we would need to create a genuine, non-profit-making public service, which would make cross-border transactions easier and less costly!
At a time when both the European institutions and the Member States are dismantling public services that are of use to the people, advocating a public service for the use of financiers and bankers is like vice praising virtue.
We are for the enlargement of public services that are of use to the people. We could not care less, however, about the state of mind of financiers facing problems due to the very nature of their own system. By all means, try to solve your own problems, but, since they do not concern us, we abstained from this vote."@en1
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