Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-235"

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"Madam President, thank you for indulging so many one-minute speeches on this issue. The new Commission, I presume, is pleased to be in place, but it is going to have to hit the ground running because of the problems we are discussing here. There are those who are revelling in the problems of the eurozone, but I think the bulk of us want to see a resolution. Ten years on, I do not think we should throw the baby out with the bathwater. Having said that, it is very clear from listening to this debate that there are serious problems in some Member States, and the severity varies among those with problems – and Ireland is one of those. However, the rules in my view have not been effective. We need to pre-empt rather than react: when a crisis is with us, it is too late. We need to be ahead of the markets; you cannot buck the markets as others have tried to suggest we can, so we need to have strict and timely supervision and scrutiny and then immediate action. I wish you well."@en1
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