Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-03-Speech-4-490-000"
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"en.20110203.25.4-490-000"2
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"I voted for the resolution to oppose the appointment of the Chair of the European Securities and Markets Authority, not because I found any deficiency in the individual appointed, but because I object in principle to the creation of this new authority. We are told that it is necessary to prevent future economic and financial crises occurring. In fact it adds another level of bureaucracy to existing supervision. There will be confusion about who is responsible for what. The rule book they will concoct will undoubtedly not suit the City of London and will contribute to the loss of jobs in Britain. Furthermore, the process is not transparent with Parliament being presented with only one candidate and, to top it all, the final vote is secret."@en1
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