Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-884"
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"en.20100707.23.3-884"2
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The difficulties afflicting the world’s economic systems have dragged employment levels in Europe to historic lows and put the role of the banking system under discussion. At a time like this in which the warning signs of this crisis were given by financial scandals and its causes were found in the fantasy land of financial engineering to the detriment of investors and their savings, I cannot but support Mrs Ferreira’s report. The report with recommendations to the Commission on cross-border crisis management in the banking sector responds not only to the need to protect consumers and their savings, but also to the need to guarantee a single framework of harmonised rules, the uniform application of European law, a common culture of supervision and a coordinated response to crisis situations."@en1
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