We will not allow the Council to water down the proposals made by the de Larosière group and those submitted by the Commission itself into a nationally prejudiced, parochial approach, by not responding to the experiences from this crisis, but engaging instead in narrow-minded bickering over powers, without seeing which solutions were effective and what form financial supervision must take in a European internal market, but rather by ensuring that it did not give up any of its powers which, as has been very apparent in recent years, have not been exercised effectively at all because Europe's financial centres have been competing with each other to make the best offers and people were happy to turn a blind eye occasionally to what was going on.
Me ei luba nõukogul de Larosière'i töörühma koostatud ettepanekuid ja neid ettepanekuid, mille komisjon ise esitanud on, nõrgendada, nii et neist saaks riiklikult piiratud kolkalik lähenemisviis, ja seda praeguse kriisi kogemustele reageerimata jätmisega, osaledes selle asemel väiklases nääklemises volituste üle, nägemata, millised lahendused olid tõhusad ja millise vormi peab finantsjärelevalve Euroopa siseturul saama, vaid tagades pigem, et see ei loobuks ühestki oma volitusest, mida - nagu viimastel aastatel väga ilmne on olnud - üldse tõhusalt teostatud ei ole, kuna Euroopa finantskeskused on võistelnud omavahel, et teha parimaid pakkumisi, ning inimestel oli hea meel toimuva suhtes silm kinni pigistada.