Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-906"
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"en.20100922.20.3-906"2
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"The banking system, which carries out a crucial social and economic role, tends to pursue multiple objectives and causes often undesirable effects.
If the main aim of shareholders is the creation of wealth, then the aim of some stakeholders can be to support an entrepreneurial system which is perennially short of liquidity, or the creation of wealth through financial instruments which aid saving. Without prejudice to the sacredness of the aims of each of these, the impact that the managerial decisions made in these companies can have on the surrounding economic and social fabric cannot be neglected.
It is therefore the duty of politics to safeguard the requests of the various actors, whilst asking that nobody reneges on their own moral and social duties. The European Union therefore has the task of providing the necessary supervision so that all of them can achieve their aims without clashing with anyone else involved. The establishment of an authority able to make an impact in pushing this objective forward has to be applauded."@en1
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