Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-098"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100922.4.3-098"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Brussels are now totally in control of banks, stock markets and insurance companies, yet what was supposed to be supervisory has escalated into powers that stretch much further than the advisory nature of current systems, leaving national bodies without power or purpose. If Brussels were viewed as over regulating banks and stock markets, financial services would face two options – fall behind international competitors or move their headquarters to countries free from any limitation whatsoever. The former would keep European investors stuck in the dark ages of recession as the rest of the world takes huge strides out. The latter could lead to a cowboy banking market overseas beyond reach where everybody’s money would be at risk. The majority of EU regulation in other sectors has been an unmitigated disaster. We have put the city of London, one of the UK’s largest industries, responsible for 80 per cent of European hedge funds, into the hands of the Commission. If this follows the rest of Brussels’ erroneous lawmaking, the UK, and the rest of the world, could rue the day such a power transfer was allowed to take place."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata |
Named graphs describing this resource:
The resource appears as object in 2 triples