27/05/2009
Commission must resist pressure to weaken financial supervision proposals
Commenting on the European Commission’s communication on financial supervision released today, PES President Poul Nyrup Rasmussen said:
“The de Larosière recommendations are pragmatic but a vital step forward to restore trust in the financial system.”
“The European Commission is thankfully broadly supporting the de Larosière recommendations.”
“The real test will come when the European Commission presents its detailed proposals. The European Commission must continue to remain faithful to de Larosière’s recommendations. They must resist the inevitable pressure from member states to water them down.”
FOR MORE INFORMATION
Julian Scola, Communications Advisor - Media & Campaigns
Party of European Socialists, Rue du Trône, 98, B-1050 Brussels
Mobile +32 486 117 394
julian.scola@pes.org
