Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-180"

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"en.20081008.21.3-180"2
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"Madam President, I would like to go back to the rather unorthodox statements made by Mr Barroso. He implies that he would be willing to forget the sacrosanct rules of competition; that he would be less particular about state aid. If it were a question of saving a particular sector of European industry, if it were a question of allowing Member States to invest in research or even of launching an ambitious European loan, I would welcome this U-turn. However, it is a question of the large-scale repurchasing of toxic financial products held by financial operators. It is a question, at the end of the day, of saving the financial hooligans who make light of the efforts of market regulators. If the Commission reviews its doctrine, then so much the better. However, this has to be done properly, by being more flexible about the question of state aid in strategic sectors in Europe that are under threat, and by driving forward measures concerning rating agencies, the fight against speculation based on food prices and the regulation of speculative funds. We have been calling for this for years, and now we have the proof: the credo of free competition and the free market have clearly led to a dead end."@en1
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