Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-960"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20101111.21.4-960"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"It is quite right for us to try and learn from the mistakes that led to the global financial crisis. Although regulation is essential in some sectors, I personally prefer transparency and a duty to inform. If the banks had a duty to inform clients how they are handling their money, and what that means for them, a crisis could not happen. Regulation restricting the activities of businesses should be a solution only when the error in question cannot be corrected – for example, where human health or life is at stake. Let us therefore be careful when we regulate. The role of public institutions is not to deprive people of responsibility for their decisions, but to ensure they have the information they need when making decisions. Let us not forget that natural support for research and education comes from private sources, or investment funds, which lend money to promising entrepreneurial projects and invest in the development of new technologies, all with an awareness and a weighing up of the possible risks. If our quest for security reduces the appetite of investors to look for new opportunities in the EU, we shall always remain dependent on inefficient and bureaucratic public investment programmes. We shall then lag even further behind in the area of technology. I regard the submitted report as a compromise which addresses some of my concerns over regulation in this sector. I have therefore supported it."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples