Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-22-Speech-3-176"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20050622.19.3-176"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, ladies and gentlemen, Mr Libicki’s question rubs salt into the wounds of the contradictions of this Europe, which is tailor-made for large financial interests, a Europe that its citizens do not want, as was at least demonstrated by those Europeans who had the opportunity to give their opinion on the matter.
From examining the documentation, both the breaches of the Commission and those of the British Government, or at least of its so-called supervisory bodies, stand out, but what also stands out is the gap between the interests of the people and the interest of a very restricted number of plutocrats and speculators.
With regard to the Lloyd’s affair, what was controlled can be very easily identified, whilst, as chance would have it, who controlled it cannot. The legitimate doubt arises that Directive 73/239/EEC on solvency was disregarded with the conscious acquiescence, not to say complicity, of the European Commission and the competent supervisory bodies of the UK Treasury. A popular Italian proverb says: ‘Every law has its loophole.’ The old saying is also true in terms of the United Kingdom and the European Commission: the fact remains, however, that the business of insurance is a gamble that Lloyd’s has nearly always won and won for centuries.
There is no sympathy for those who take risks in investing and in financial speculations, because those types of entrepreneur feel no sympathy for small savers, for consumers, for the extremely high number of victims of their dangerous and unscrupulous financial games, and for those who, on the contrary, make money through the sweat of their brow, investing their physical and mental resources and drawing an income from it.
Those who gamble on probability, a gamble that clearly yields more profit than forgiveness, given that that activity has been practised for centuries, must also accept the risks; the Lloyd’s affair is a symbolic example of the unfair expectations of those who always want to win just because they have large sums of money to risk, not caring less about all those, the great majority, who bet their own lives on their work."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples