Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-07-Speech-3-047"
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"en.20091007.15.3-047"2
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"Setting up the special committee on the financial and economic crisis may prove to be crucial in preparing for the future of the EU. This future could not be achieved by discussing and proposing measures alone, but also by devising mechanisms that can be implemented to avoid us facing a similar situation in the not too distant future. It is therefore vital to learn the lessons of this crisis by examining its causes and consequences. It is also important to correct the failings of the financial system that led to the current situation by adopting better legislation that is duly justified.
We cannot run the risk of creating a regulatory environment that is so strict that it could result in recovery being delayed further, or the EU turning into an unattractive financial market, in a climate of strong competition.
This committee could also continue longer than the planned 12 months so as to be able to monitor and assess the measures that will be adopted in the current crisis."@en1
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