Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-24-Speech-3-264"
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"en.20080924.31.3-264"2
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"Mr President, we have every reason to react to unreasonable compensation and bonus schemes. I think that we all do that and it is entirely understandable, but I will say nevertheless, having listened to the debate, that strident political rhetoric is not the way to resolve global financial crises. Do not sound as though you are throwing the baby out with the bathwater and adding to the panic which raged on in the financial markets last week. That must not happen in this House. We must be reasonable, we must be sensible. That is the responsibility we have been given by our voters. My friends, we must take a balanced view, we must create good and effective rules and laws which allow scope for growth and self-regulation. I worry when I hear this strident rhetoric. It makes me anxious, and I fear that it will lead to an overregulated financial community which will not be able to deliver the growth we all need so much. It is growth and the prospect of creating more jobs which our voters are looking for."@en1
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