Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-424"

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"en.20100706.28.2-424"2
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"Madam President, the fact that 64 of the 67 articles have already been agreed indicates that not only are people happy with what has been proposed but that they are absolutely delighted that somebody, somewhere, is taking control of a situation that ran amok for too long and caused the terrible situation we are now in. Where ordinary people are concerned, they see these proposals as bringing hope where there was despair, control where there was disorder, honesty where there was corruption, and optimism where there was pessimism. Certainly, today’s message goes out loud and clear, not just to banks, regulators and speculators – and indeed weak governments – not that they are too big to fail, but that from now on, they are too big to fail to perform. If they fail to perform, they have somebody to answer to. That is a key message. I would like to conclude by saying that I have no problem with institutions being based in Frankfurt. After all, Germany has been a better model of financial propriety than many others."@en1
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