Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-468"

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"en.20100706.30.2-468"2
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"Madam President, I would like to thank the rapporteurs and the Commission. This is a specialist area but every single citizen in Europe is pleased that Parliament, the Commission and the Council are tackling the issue of excessive remuneration. We only know about the excesses of the banking sector because of the disasters that have happened. I would argue that, even if things were profitable in banking, the remuneration is way out of line from the general public perception. Transparency is the key to all of this. When people have knowledge of what is happening, then we can take action on it. We published the payments of farmers, from the very smallest right up through the chain, and we regard this as transparent. In my view, bankers make profits from public money, from their shareholders and those of us who take out loans, so it is time to tackle this particular problem. I am not, however, convinced that the mindset of many bankers has changed at all and I fear that when this does eventually blow over, unless the Commission is very strong, we will revert to type."@en1
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