Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-081-000"
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"en.20121025.11.4-081-000"2
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".
Twenty years after the birth of the free single market, the principles of free movement of goods, people, capital and services exist only as small beginnings, and these small beginnings have already managed to throw Europe into a serious crisis. The liberalisation of the capital market envisaged by the Maastricht Treaty under the motto of market self-regulation brought about the current bank/euro/economic crisis. Still the EU does not realise that its strength lies in the variety of its different economic cultures existing side by side. Despite this, we are hell-bent on centralisation and standardisation – the so-called harmonisation. Already a call is coming for further deregulation and more competition in the railway sector, since, it is said, only this can ensure better quality and falling prices. It is just that European-born citizens have had completely different experiences as consumers. The wrong approach of centralisation and inflation of the Brussels bureaucracy must end, as must the standardisation that contributed to the current crisis. The planned banking supervision is to be welcomed in principle but will not be able to make any substantial contribution to ending the euro crisis, since this requires a total reform of the currency union."@en1
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