Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-03-14-Speech-4-018-000"

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"en.20130314.4.4-018-000"2
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"Mr President, mutual societies and building societies were an excellent idea that originated in 18th century Birmingham, and the idea caught on and enabled millions of people to buy their own homes when otherwise they would have been unable to do so. But they were not intended to be cross-border international entrepreneurial businesses. A much better idea is for individual nation states to adopt the idea and adapt it to fit in with their own national requirements. This statute, if adopted, will mean more unwanted EU legislation and probably lead to unforeseen, unwanted consequences and unintended consequences. If there is any case for international cross-border operation, then there is no reason why this could not be accomplished by sovereign nation states with intergovernmental agreements."@en1
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