Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-870"
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"en.20100707.23.3-870"2
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"The legislative package passed on the so-called regulation of the financial system in the EU neither can nor wants to regulate and control the financial markets. The allegations by the political representatives of capital about so-called regulation of the markets, in order to prevent another crisis, are yet another lie. Crisis goes hand in glove with the capitalist system. Today’s crisis is already incubating the next capitalist crisis and it bodes worse. The legislative measures by the EU are not therefore designed for the purpose of regulation. They are an attempt to create new EU authorities and bodies for more effective intervention by the mechanisms of capital in the capitalist economies of the Member States. They form part of the package of measures by the EU and the bourgeois governments for stricter reform of the Stability Pact, so as to ensure that the anti-grassroots storm of capitalist restructurings needed by capital safeguard uniform, stable and inflexible application by the political powers of capital in all the Member States. The capitalist crisis and the anti-grassroots attack being unleashed by capital on the workers throughout the EU demonstrate all the more clearly the nature and character of the EU. They prove that the rotten exploitative capitalist system cannot be regulated; it can only be overturned by a broad social alliance between the working class and the grassroots."@en1
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