Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-22-Speech-1-055"
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"en.20080922.18.1-055"2
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"Mr President, there is widespread anger and fear amongst our citizens concerning the collapsing financial institutions globally and their potential impact on pensions, savings and jobs.
I am pleased that Commissioner McCreevy is here for the debate that is about to take place. However, I believe that he must act swiftly with regard to what this Parliament is proposing – to rein in ‘casino capitalism’, which has driven us to the edge of the economic abyss.
Commissioner, if your commitment to neo-liberal ideology will not allow you to do so, then you should resign and allow someone else to be appointed who is prepared to face down the market buccaneers. Strict, new regulation of the financial and banking sector is urgently needed and your championing so far of so-called ‘light regulation’, which is some cases has meant zero regulation, must be brought rapidly to an end.
Before I sit down, I would like to refer to the comments made by Miss McDonald of Sinn Féin, where she sought to justify their campaign against Lisbon and is now proclaiming that she wants economic sovereignty for Ireland in the midst of a global financial crisis. I think it demonstrates the light-headed attitude of the ‘no’ campaigners."@en1
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