Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-370-000"
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"en.20120912.22.3-370-000"2
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"Mr President, I rise somewhat wearily to explain yet again the banking crisis to this House. Banks lend long, but borrow short. Central banks encourage malpractice by printing money – counterfeiting by any other name. Politicians use this fake money to prop up corporate and social welfare, basically bribing people with their own money. Financial regulation has become a shield to protect crooked bankers, while politicians, central and commercial banks spend money they do not have. The problem will simply fester.
So what of banking union? Will national parliaments have any say? I take this opportunity to ask, as there are British Conservative colleagues in the House tonight, will Cameron stop this? Will he invoke Article 127 of the TEU or will he, as form suggests, sit like a paralysed rabbit in the EU’s headlights?"@en1
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