Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-12-Speech-3-061"
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"en.20080312.3.3-061"2
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"Mr President, Mr President of the Commission, I wish to make a single request of you when you go to the European Council: defend this institution when it tells you that the EU’s social and economic situation requires more attention to be paid to social issues, requires us to make our economic policies coherent with our targets and our strategy legitimately drawn up for climate change and energy independence; when it tells you that, if the Lisbon Strategy is to succeed, we need more economic coordination; when it tells you that, if we are to deal successfully with the American subprime crisis, we need better regulated finance markets. Do not let the Member States say that such matters are none of our business: that is not acceptable in a modern democracy.
Mr President-in-Office, at the request of certain Heads of State or Government who are legitimately concerned at the situation of the financial markets, you will examine the consequences of this situation on the EU’s real economy. I ask you therefore to seize this issue, and do not be content with a few proposals that may seem attractive or popular but do not deal with the substance of this issue. The substance here is that we have an integrated financial market and a Central Bank conducting a monetary policy in the interest of the European economy as a whole, but we have no European financial market controller to deal with the challenges and problems involved."@en1
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