Kroes: "National solutions to the crisis will not be enough"
30 June 2009
"We must restructure our banking and financial services industries" Commissioner Kroes stated.
“We must restructure our banking and financial services industries to ensure long term stability and growth”, Commissioner Kroes stated. Competition policy has been part of the solution to the crisis, rather than the problem, she said.
Kroes argued that the UK needs Europe and warned that national solutions aren’t going to be enough, while global solutions are not always practical.
There is a need to use European responses to build a prosperous future, she said underlining that UK interests and wider European interests will pull in the same direction to achieve financial stability.
© European Commission
