Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-292"
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"en.20100707.23.3-292"2
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"Long before the financial crisis, warnings were given that the vision of unrestricted liberalism in the financial sector was highly risky. Since the occurrence of the domino effect in the banking crisis, it has become clear that there is an urgent need for action in this area. It is true that it is important to improve and coordinate the supervision of the financial markets. However, the structure of the banking sector differs significantly from country to country. The type of crisis management which is effective in one country may be completely unsuitable for another. I am opposed to undifferentiated uniformity and bureaucratic centralism. The proposed measures go too far in this direction and could have a counterproductive effect. Therefore, I have voted against the report."@en1
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