Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-093-000"
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"en.20111215.5.4-093-000"2
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"Madam President, I salute the rapporteur for his hard work. However, we must continue to deal with the core problems. Mr Ferber and Mr Lamberts have referred to these already. There has been a failure in the banking sector. The fact that we allowed so many institutions to be created within the framework of the internal market that have now become systemic risks is something that taxpayers are now being asked to take on the chin. You need to take action here and abandon the ideologically blinkered approach that allows you to justify your inaction.
That brings me to the question of antitrust law. Here, too, it is high time that we analysed the key figures used to evaluate market dominance on a pan-European basis and considered whether we do not need closer measurement here. It is evident in a large number of areas that this one-third principle also leads to concentrations that tend to disadvantage individual consumers, rather than bringing them benefits.
This report was produced at a time when we were still unaware of the decisions of the last EU summit. It will be very interesting to see what the consequences will be in the City of London of the British Government’s announced withdrawal and what conclusions the Commission will draw from this. I can only urge you to be vigilant and not to allow the City of London simply to thumb its nose at us."@en1
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