Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-190-000"

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"en.20120913.29.4-190-000"2
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"Mr President, I voted against these motions for resolutions as I believe that, overall, the banking union is a sticking plaster on the giant wound that is the financial crisis. I regard this banking union, which was proposed by the President of the Commission yesterday, as downright laughable. The subsequent debate has shown that most Members believe that this supervision of banking represents financial supervision. That is absolutely wrong. It is something completely different. This supervision of banking proposed by the President of the Commission will not make it possible to monitor any finance and investment houses such as Goldman Sachs, nor to remove any financial products from the market. It will make it possible to supervise the activities of a few small banks, but no more than that. This supervision will not enable us to tackle the financial problems that various financial institutions got us into, in particular Goldman Sachs, with its consultancy services via Mario Draghi in Greece. That is why what is being proposed here is downright laughable. It is yet another attempt to use the crisis to create a political union, which is then to be imposed on Europe’s citizens – a kind of birth of a state through the crisis. That is something that I categorically reject."@en1
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