Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-07-Speech-3-046"

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"en.20091007.15.3-046"2
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"− The Governor of the Bank of England (Mervyn King) has stated, and I believe correctly, ‘Banks are international in life but national in death...’. It is national governments and national taxpayers who pay when banks have to be bailed out. It follows therefore that banking supervision must be carried out on a national basis and not via the EU. This is why I voted against the setting-up of an EU special committee on the financial and economic crisis."@en1
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