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Peace Symposium : Speech addressed to the Ahmadiyya Muslim Association
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Ahmadiyya Muslim Association Peace Symposium
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Financial instability and the impact on the real economy - September 5th 2007
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The Single Market Review 4th September 2007
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| SPEECHES IN THE EUROPEAN PARLIAMENT |
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Financial instability and the impact on the real economy - September 5th 2007
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Mr President, I would like to address my remarks to the gallery, which is a lot more filled than this Hemicycle is with Members. I hope you have got your headphones on because decisions are being made here today by people with absolutely no knowledge of international finance at all.
I have been 40 years in financial services; I am a professional economist we are talking about hedge funds, we are talking about international currency. If you want to look up the books and see what expertise the Members of the European Parliament have, I think you will be bitterly disappointed. But here we are, making decisions for global finance. Forty percent of British GDP is the City of London. We have people from Poland, the Czech Republic and Latvia who have absolutely no knowledge of these sorts of things whatsoever, deciding where we are going to go for the future in international finance.
(Uproar)
They do not understand about these things. They do not know anything about these things, any more than they do about agricultural policy, fisheries policy the lot but here it is.
Ladies and gentlemen in the gallery, if you want to see international finance, go to Dubai, to New York, to Los Angeles, to Bermuda. You are looking at the people down there look at them. None of them have ever done a real job in their lives. This is a Mickey Mouse assembly, and we are going to lose the lot.
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