Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-22-Speech-1-217"
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"en.20101122.21.1-217"2
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"Madam President, as an Irish MEP, I am well aware that the eyes of Europe are on my country’s economic woes right now. The crisis in my country was caused by greed – pure greed – among the political and big business elite. These people squandered the wealth created by an energetic and innovative population, and they must be held accountable.
However, the crisis was also caused by lax regulation of the banking sector. That failure also extends to Europe. One should remember last July’s banking stress tests, when the Commission effectively signed off on the future of the very banks in Ireland that are at the heart of the crisis. How could this happen? I am very angry that my country has reached this point – very angry indeed.
I very much welcome the solidarity that has been shown by our colleagues across Europe, particularly in providing finance to stabilise our economy. However, I do believe we are at a crossroads for the future of the EU. Ireland is very much a sovereign nation and any diktats from Europe about Ireland’s taxation policy would, I believe, cross a dangerous line when it comes to the treatment of smaller nation states in the Union."@en1
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