Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-177"
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"en.20100707.23.3-177"2
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"Madam President, I see that we are now presuming to regulate the terms and conditions of private sector employment. Some honourable Members in this House will recall coming from countries where this was the normal business of the state. Even my country went falteringly a few steps down this road in the 1970s, with calamitous consequences.
It is not the proper business of government to tell people what they can earn. If I want to work for you, Madam President, and you are content to employ me and we are both happy with the terms of our contract, it is wrong for the state to come between us and declare it illegal – let alone for the EU to do so.
I understand that people are cross with banks at the moment, but this proposal is not a proportionate response to an identified problem. It is a form of letting off steam. It is an expression of inchoate anger. Some of us were against these bail-outs in the first place. We never saw why we should be using taxpayers’ money to rescue some very wealthy individuals from the consequences of their own errors.
It really is a bit rich for those of you who insisted on the bail-outs now to be complaining and trying to regulate the banks. Even if we do have to do this, it should be done through the proper democratic national mechanisms of the Member States – not imposed by Brussels without democratic consent."@en1
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