Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-897"
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"en.20100922.20.3-897"2
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"I voted in favour of this report as I believe that the European financial market cannot survive or function adequately if the financial supervision mechanisms for the EU area continue to differ within the EU. I think that it is essential for the EU to develop a new financial architecture that includes robust financial supervision that operates in the same way across the various countries of Europe. In that way, it will create mechanisms for preventing crises like the one we are currently experiencing, by reacting in a timely way and contributing to resolving the systemic problems that persist in our large markets. It is vitally important to strengthen these mechanisms, as without them, Europe will continue to feed a great financial handicap that impedes the stability of prices and financial markets that we want so much. Only by regulating and supervising the banking and financial systems throughout the EU, and by sharing data in a rigorous and confidential manner, can we be more competitive and stable in the global market and consolidate a stronger and more secure economy."@en1
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