Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-01-18-Speech-1-212-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2016-01-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Stocktaking and challenges of the EU Financial Services Regulation (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20160118.18.1-212-000"2
lpv:hasSubsequent	lp_eu:2016-01-18-Speech-1-213-0002
lpv:speaker	lp:Steven Woolfe2
lpv:spoken text	"Madam President, John Maynard Keynes stated that if you owe a bank 100 pounds you have a problem, but if you owe the bank a million, they do. In the EU financial regulation crisis the banks were owed billions, but it was the taxpayers and citizens of Europe who had the problem. This report states that EU Financial Services regulations will prevent that happening again, but it also stresses the need to reduce the burden of financial regulation, because it recognises it increases costs and makes EU financial services businesses uncompetitive. But the idea that the EU will reduce regulation is as fanciful as the idea that Britain needs to be a member of the EU to trade with it, or indeed that Lord Hill will support a vote for Brexit. It is inherent in the EU’s DNA to create more regulation – more Europe – and more costs. That is why, increasingly, so many more UK and US financial services companies understand that, in order to be really free from the shackles of EU regulation, the UK needs to vote to leave the EU."@en1
lpv:spokenAs	substitute; Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE 2) (2015-12-02--2016-08-02)3 member; EFDD (2014-10-20--2016-10-23)3 unknown; United Kingdom Independence Party (2014-07-01--2016-10-17)3 member; ECON (2014-07-01--2017-01-18)3
lpv:unclassifiedMetadata	"Steven Woolfe,"1 "on behalf of the EFDD Group"1
lpv:videoURI	<go to Events_and_structure europarl>2

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