Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-22-Speech-1-101"
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"en.20080922.19.1-101"2
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"Madam President, people are worried about what will become of their savings, but this seems to be of little concern to the Commissioner. Workers have been urged to take out non-statutory pensions, which were supposedly safer and more efficient than state pensions; their money is now in these pension funds, but they no longer have any certainty.
Current events are a setback for those who believe in unbridled free-market forces. The Commissioner himself is one such believer in the free market. As far as can be anticipated, there should not be too much regulation, he said last year in this House, and he is still saying it today. Well, it is never too late for him to change his mind. After all, in his opinion, what further action is needed in the way of prevention? The consequences of failing to act in good time will be felt for many years. Prevention is better than cure."@en1
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