International

The banking lobby has once again been successful in diluting the rules designed to prevent a fresh credit crisis, SP Euro-MP Dennis de Jong has concluded following the appearance of the Brussels executive’s plans for the European banking sector. ‘A good five years after the outbreak of the credit crisis the banking lobby is managing once again to defend itself from rules aimed at preventing a repeat,’ says De Jong. ‘So the saver and the taxpayer will remain exposed to risky banking activities. That’s unacceptable.’

The European trade union group UNI Post & Logistics today presented in the European Parliament its report on the situation in the postal sector. A number of MEPs, including the SP’s Dennis de Jong, will receive the report at a special meeting. ‘The researchers have concluded that in fifteen years’ time the number of jobs in the postal sector in the EU will have declined by 30% and that wages will have fallen by 40%’ says De Jong. ‘The quality of the service has gone down enormously. The trade unions are correct in their assessment that liberalisation has been one big failure.’