Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-093"
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"en.20081203.13.3-093"2
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"The European Parliament has to give a clear message about both sides of this discussion today: firstly, concerning the rationale of the financial system that we have to build for the future and secondly, concerning our initial reaction to the recovery plan which was put forward by the Commission on 26 November. On the first of those, there is no doubt that the Commission has clearly got the message that the era of self-regulation or non-regulation is well and truly over. If there are some within the Commission or even within this Parliament who were under the impression that the real economy could be built on the rationale of no rules, then current events would have proved them wrong. It took us some time but now we understand. I do not think that Commissioner Almunia is to blame. Others may have exposed the Commission to this rationale but now it is too late. Now the new economic order must be built on a rationale that is governed by rules, rules and more rules.
The second part of the recovery plan, which was put forward by the Commission last week, does contain some positive points, and we must recognise that the Commission has managed (and I know how hard that is) to reconcile differences of opinion and offer governments an interconnected framework for actions with a common rationale. Now I can hear people on the left and right saying such things as, ‘we wanted it differently,’ ‘it might be too expensive,’ or ‘we do not like it’. These are the same people that, if the Commission had done nothing, would have said ‘the Commission is not doing anything,’ ‘we are waiting for the Commission to give us a blueprint’. Therefore I believe that the second message we must send to the Commissioner is that the rationale behind this package is the right one, it is going to help governments and it may well be a life raft on which the real economy can survive during the first days of a crisis. Thank you."@en1
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