Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-23-Speech-2-154"
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"en.20080923.31.2-154"2
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"Madam President, there is none so blind as those that cannot see. I notice Mr Hannan and Mr Sumberg have, unfortunately, left the Chamber at this time, but anyone who thinks that there is no financial turmoil should just pick up the newspapers and read, or watch the television. To believe that the Rasmussen report and the Lehne report did anything else other than try to adequately convey the necessity for us to be able to act and that this has to be done at a collective legislative level is to ignore the truth; it is also to ignore the reality of a global world economy. Frankly, sitting back in a little England may help some people relieve their consciences, but it does not help people meet their mortgage payments, it will not help people keep their homes, and it will not keep people in services and in industry. It is only through the European Union and through activity of regulation, where we are extremely good, that we will be able to do something about it.
It is true that the markets expect us to be delicate, but they do not expect a knee-jerk reaction either. But the fact is that, if we do nothing and just stand still and say nothing, then, frankly, we will in fact be accused of cowardice in the face of strong tumult and crisis."@en1
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