Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-17-Speech-1-044"
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"en.20100517.14.1-044"2
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"Mr President, apart from the pressure from financial quanta, the insecurity in the euro area is also the result of copious political rhetoric on the part of European institutions and politicians. Flawed European economic governance reacted, in my opinion, too late. Of course we need financial equilibrium in Europe.
At the same time, now is the time for European political union to direct economic union via a global crisis exit strategy and to introduce a more effective regulatory framework for operating the financial markets and for protecting the euro against speculative pressures. I refer, for example, to the need to revise the directive on market abuse. By the same token, I repeat my proposal to create a European credit rating authority."@en1
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