Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-03-Speech-3-368"
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"en.20080903.26.3-368"2
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"Mr President, ladies and gentlemen, I wanted to draw your attention to the fact that there has been talk of liberalising the banking system, but we all know that after Basel II a monopoly emerged in this sector and we saw entire businesses, entire economic units wiped out precisely as a result of the monopolisation of the financial system.
Therefore, I believe that we must in some ways resurrect the old system, the cooperative system, which in rural areas and in so many other parts of Europe has provided the lifeblood for small private initiatives and families to grow. Let us talk and act, then, truly in terms of liberalisation, instead of a monopoly, in this crucial banking sector, which affects the lives of families and businesses throughout Europe."@en1
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