Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-093"

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"en.20100922.4.3-093"2
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"Madam President, ordinary people see crises as disasters; the European Union sees crises as opportunities for gathering power to itself, always at the expense of the power of national governments. Member States will lose their sovereignty over their own financial systems. Whilst it is true that the crisis in the United Kingdom was handled in a woefully defective way, that is because successive UK governments have not imposed sufficient control over the activities of their private banks. Banks are not ordinary businesses that are best left to themselves. They are the creators of credit, a large part of the money supply – and that cannot be left in the hands of unregulated private business."@en1
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