Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-376-202"

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"en.20110511.28.3-376-202"2
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"The worst impact of the recent financial crisis has been on ordinary consumers. Various EU governments have used taxpayers’ money to bail out some banks that had managed their affairs in an irresponsible way. Were it not for the support of taxpayers, such banks would have collapsed with disastrous effect on different sectors of the economy in various Member States. Now that the worst phase of this financial crisis is over, banks are still not acting, or conducting their business, in the best interest of consumers. Instances of mis-selling of financial services products, and lack of sufficient support by banks for personal customers and small businesses that find themselves facing temporary liquidity problems, show that more tangible action should be taken by regulators to ensure that operators in the financial services industry support their clients and generally offer better protection to consumers. Therefore, I voted in favour of this report."@en1
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