Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-20-Speech-4-192-000"

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"en.20110120.14.4-192-000"2
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"Mr President, ladies and gentlemen, I appreciated the flexibility the Commission showed in drawing up the temporary State aid measures, which were introduced as a response to the financial and economic crisis. I also agree that it is a good idea to prepare a detailed evaluation of the decisions taken, in order to ensure equal conditions of competition within the Union. I agree with the call for the Commission to ensure that banks reimburse the exorbitant levels of State aid they received, thereby ensuring fair competition within the internal market. I was one of the people who criticised the vast amounts of aid provided using taxpayers’ money. I believe that public money should have been used to promote growth. I hope that this will be the last time that taxpayers’ savings are used to benefit bank shareholders and careless managers, and that new controls will be put in place to prevent speculation from damaging the economy again in the future. I welcome the willingness to support the use of aid to promote common-interest projects, particularly those involving renewable energy."@en1
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