Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-04-05-Speech-3-791-000"
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"Madam President, once again the European Union is abandoning free markets in favour of central planning. First we regulate retail prices, now we come back and regulate wholesale prices. Will we never learn that regulatory intervention in market prices almost always produces unintended and perverse consequences? Think of the empty shelves in the Moscow Gum department store when they tried to regulate prices. Look at the ETS scheme in Europe that has failed for 10 years to deliver the sort of prices that the regulators want. Several other speakers, including my group colleague Mr Borrelli, have remarked that operators will recover their lost revenue elsewhere, which will have a regressive effect. It is the European Union’s cynical pursuit of any measure that looks vaguely like a benefit for voters or of generating any positive headline. Be sure, this proposal that we are voting on today or tomorrow, will have unintended consequences which will come back and bite our ankles."@en1
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