Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-129-000"
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"en.20110928.19.3-129-000"2
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"Mr President, yesterday many of us saw the YouTube video of a trader describing how to make money out of default, out of collapse, out of people’s misery as they see their savings, their pensions, their hopes and their dreams fade in front of their eyes. That trader happily told us that Goldman Sachs rules the world. Not governments, he says. It is Goldman Sachs; it is the market.
Well one of the reasons I voted for today’s report is to say, no, it is not the markets that determine our future. It is a civilised, rules-based approach to economic governance. I refuse, I refuse on my own behalf and on behalf of Irish and European citizens, to cede power to the markets and to bow to the madness that is fuelled by profit. I do not have all the answers and yes, we are part of an unstable and badly constructed currency, but I will do all I can to ensure that past mistakes do not influence future outcomes.
The report gives us a roadmap to prevent the next crisis. It does not solve the current problems and yes, phrases like ‘horses bolted’ and ‘stable door’ come to mind. But if you believe the euro, which is on life support, has a chance of surviving, then this report represents another cylinder of oxygen. It is not the cure but it provides us with hope."@en1
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