Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-159"
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"en.20100922.20.3-159"2
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"Mr President, ladies and gentlemen, I am pleased that this report has been adopted. One of the strategic objectives of the European institutions for the coming years is to relaunch the internal market.
The economic crisis has shown how unattainable this objective is while we have a fragmented financial services market. Indeed, all kinds of financial intermediaries, infrastructure and markets are interdependent and potentially fundamental for the system as a whole, so much so that the failure of one of these aspects can have repercussions at the macro level, with devastating consequences.
The economic recovery that all Europeans are impatiently waiting for is based on a financial sector which is healthy and sound, precisely because it is adequately regulated and supervised.
It is my view that the adoption of the financial supervision package and, in particular, the creation of the European Systemic Risk Board, is an important step towards meeting the objective of a harmonised supervision system in Europe in order to create confidence among businesses and citizens."@en1
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