EU regulator on agenda for Brown, Barroso
Monday 16th March 2009, 9:59AM GMT.
Manuel Barroso is in London today amid claims the president of the European Commission wants a European Union regulator to govern aspects of Britain’s economy.
The EC wants a Brussels-based watchdog to govern every EU financial market.
Speaking at a press conference with Gordon brown in Downing Street today, Mr Barroso said: “We will act and we will act together. I firmly believe that there is a way out of this crisis.”
The domestic reaction has been distinctly hostile.
“Gordon Brown should stop dithering and stop these plans in their tracks,” said shadow chancellor George Osborne.
“Greater international cooperation on banking shouldn’t be an excuse for another EU power grab.”
The proposal comes in a report ordered by Mr Barroso.
“It’s not in the interests of the City, which must be submitted to greater regulation, that we repeat past mistakes,” it reads.
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
never must we allow them to run our economy, see brown is weak, maggie would have beaten him to death with her hand bag, not let him run our economy
Report abuse