Fuelling financial crisis
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Top politicians should not be reappointed without taking stock of their performance. The record of José Manuel Barroso, President of the European Commission, does not stand up to scrutiny. Europe deserves better.
The consistent failure of the Barroso Commission to address concerns about the serious lack of regulation in the financial sector played a role in the onset of the financial crisis. The Commission only reluctantly began to propose measures to mitigate the effects of the financial crisis recently, under pressure from EU Member States. Barroso’s Commission also acted far too late in proposing measures to better secure savings, only finally taking steps when the crisis was already underway.
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