Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-04-29-Speech-3-1099-000"
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"en.20150429.139.3-1099-000"2
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"I supported the report on money market funds – which I authored – because I believe it is high time to protect taxpayers against having to bail out corporations if times get tough, and to push through measures to stabilise markets and boost economies across Europe.
In my constituency in the West Midlands, I saw the detrimental effects of the 2008 economic crash and the burden that was put on local authorities and taxpayers – this legislation will help to reduce the risks of this happening again. Hard-working people should not have to foot the bill for large corporations who expect governments to pick up the pieces when times get tough.
It was moreover crucial for me to make sure money market funds were diversified and stabilised, given the importance these funds carry for all sorts of companies, from small charities to large multinationals."@en1
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