Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-092-000"
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"en.20111012.14.3-092-000"2
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"Mr President, if banks are going to be saved because they are too big to fail, are our countries, our euro, our Union and our peoples not also big enough for our Heads of Government and the Commission to do whatever is necessary in order to save them? How, then, should we view the recent shameful proposals by the Commission aimed at imposing macro-economic conditionality on the Structural Funds, thereby penalising the people of the Member States in the worst economic and financial conditions, and indeed those in greatest need of European solidarity?
If banks are to be recapitalised at the taxpayers’ expense, there needs to be a robust set of conditions, including a clear separation between commercial and investment banking, which ensures that banks do not continue to be instrumental in the European- and global-level web of corruption, tax evasion, tax fraud, money laundering and organised crime that has been weakening our countries and our Union, and robbing our people.
Without control over tax havens and without tax harmonisation, economic governance will be a sham."@en1
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