Graham Watson MEP speaking in Parliament
Commenting on Gordon Brown's speech in the European Parliament in Strasbourg today Graham Watson MEP, Leader of the pan-European Alliance of Liberals and Democrats for Europe (ALDE) , and MEP for the South West of England and Gibraltar added:
"The reality of this recession shows that those who have wilfully ignored bad practice are now suffering most. We need a European Financial Services Authority to ensure closer supervision and greater accountability.
"The era of easy money is past. For future growth, making a living must not equate to making a killing.
"But to achieve these things, Europe must marshal consensus - and the UK must be part of it as an active and constructive partner."
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