Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-373-011"

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"en.20120202.31.4-373-011"2
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"Competition policy is a very important crisis management tool. It has also helped to build the single market and has contributed to boosting the EU’s economic growth. Given its important contribution, a new permanent regulatory system for the application of State aid rules needs to be established with enhanced and more stringent conditions, particularly in those cases where aid is given to the banking sector. However, it is very important that State aid allocated does not distort competition but boosts entrepreneurship. Furthermore, competition policy must be pursued on the basis of a holistic approach to the internal market, with a particular focus on citizens, consumers and small and medium-sized enterprises. I believe that the Commission urgently needs to establish a European framework to address the problems of failing banks, which would allow a prompt response to difficulties that have arisen and the adoption of more effective decisions."@en1

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