Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-209"
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"en.20100707.23.3-209"2
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"Mr President, in the end, and guided by my group, I voted in favour of this report, although I have to say that it has some populist elements that I myself do not consider to be good legislation. It has to be said, of course, that surely no one wants taxpayers to have to bail out the banks. Obviously we need universal rules, but I do not think that this sort of stringent regulation with regard to bonuses, for example, should become legislation at European level: it should be dealt with nationally and is, ultimately, for the banks to decide. Obviously, we can engage in a general ethical debate on what is reasonable and what is not reasonable, but I know that there are differences of opinion among the 27 Member States of the European Union as to what constitutes reasonableness and what does not.
Why, then, did I vote in favour of this report? It also has its good aspects, such as the new rules on capital, and so on. Obviously, we must ensure that the banking system is able to operate on a sound basis and take its responsibilities seriously and more satisfactorily than before. None of us wants to see any sort of similar crisis taking place in the banking sector in the future."@en1
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