Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-058-000"
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"en.20121120.3.2-058-000"2
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"Mr President, praise is due to the rapporteur for her perseverance and tolerance.
Growth and savings go hand in hand, and for this reason we need a truly sound platform, something that is clearly evident from this report.
We need a common approach, rules and of course oversight. This includes rules that will reduce administration.
While each of the 6 000 internationally operating banks in Europe has its own set of rules, it is like a family where the parents have a lot of children and the children spend as they see fit, lending money to friends, until the parents end up as beggars.
The pillars representing the foundations for healthy competition, whereby we can expand beyond our own market to the global market, are certainly evident in this report."@en1
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