Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-119-000"
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"en.20110706.3.3-119-000"2
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"Mr President, a notable professor of economics once said that the longer young people study the subject, the more arrogant they become. In other words, this is a question of where these arrogant bankers, greedy investors, biased credit rating agencies, etc., come from. They come from universities, colleges, from among us here, and that is why we need rules and regulations to curb this greed. Moreover, we need them now in Greece, and we need them in Europe, and even the United States of America needs new ground rules. I think that this report is excellent, as is the Commission’s commitment to establishing new ground rules in both the long and the short term.
I wish to point out, however, that Europe is being hampered by a lack of consensus, because now we have to take decisions to reassure the public and the markets that everything is under control. I also wish to point out that, not only is there this lack of consensus, but also in some way, a virtue deficit. As Mrs Berès said, it is quite strange that nothing has been learned. For example, the bonuses of bank executives, which led to the wrong decisions being made, are only increasing at present; in other words, nothing has been learned.
I think that this is a very important report, and it provides global solutions, such as Eurobonds, the new Economic Security Council and current solutions. Congratulations to Mrs Berès and to our Chair, Mr Klinz."@en1
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