Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-22-Speech-3-138"
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"en.20081022.17.3-138"2
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"Mr President, I want to mention Amendment 3, where we criticised a number of Commissioners for having downplayed long-standing requests by the European Parliament to propose legislation for better supervision of the financial market. This is the reality of the situation, but I think it is important also to state that Member States must take their share of the blame. Even if the Commission had tried to move I think it would have met with a great deal of resistance. Still, the Commission has a responsibility, and while we have principles-based regulation as opposed to rules-based, it still needs to be rigorous, and light-touch regulation has not worked.
I also want to mention paragraph 20, where Parliament reiterates its respect for the result of the Irish referendum and for the results of the ratification procedures in the other Member States. During the debate on the Irish referendum, it was claimed time and time again that Parliament would not respect the result. Apart from anything else, Parliament has no competence here, and no power to act one way or the other. Still, I welcome the statement, unlike my colleague Mr Allister.
Finally in paragraph 20 I think it is possible to meet the concerns of the Irish people before the European election, but we should not underestimate what is needed here. It also states that Parliament stands ready to offer assistance to forge a broader, more informed consensus. I believe this really should be worded ‘to forge a better-informed consensus’."@en1
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