Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-878"

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"en.20100707.23.3-878"2
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"European leaders are agreed that it is essential to take radical action to guarantee stability in the financial system. This is the result of strong pressure from EU citizens, who are appalled at what has been going on in the banking sector. The consensus at the bottom has caused the consensus at the top. The motion for a European Parliament resolution with recommendations to the Commission on cross-border crisis management in the banking sector is a set of minimum demands. In addition, it is the voice of reason, and the European Commission should listen to it carefully. Public institutions must not wash their hands of the situation which exists in the banking sector. They look after the interests of EU citizens who use banking services. There are four main recommendations: establishing a framework of action to be taken in a crisis, regulation of cross-border systemic banks, creation of an EU financial stability fund and setting up a resolution unit are unquestionably steps in the right direction, which is why I decided to endorse the report."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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