Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-22-Speech-3-178"
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"en.20081022.17.3-178"2
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".
I voted in favour of the joint motion for a resolution on the conclusions of the European Council (15 and 16 October 2008) because I agree with the decision to intervene in the financial markets. This was understandable due to the urgent need to respond to the fears of European citizens and to provide the market with liquidity and certainty, with all the corresponding benefits for families and SMEs.
However, it must not be forgotten that this resolution also advocates adopting fundamental measures aimed at restructuring the international financial system, particularly by strengthening cooperation and coordination among regulators at Community level and providing the European Union with a fair and effective system of supervision. More regulation of the financial market is essential, but we firstly need better regulation. This resolution is heading in that direction."@en1
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