Latest News

Latest

• UKIP welcomes report damning M6 toll
• Why the EU is an economic disaster
• Why it's right to show concern over Turkey
• Chairman welcomes new NEC members
• Nigel stars in YouTube hit
• UKIP leads way on EAW protest
• Big names line up for Torquay
• A Statement from the Party Chairman
• Lord Pearson resigns as Party Leader

Bundesbank shares Marta concern

Monday, 21st December 2009

UKIP MEP Marta Andreasen, often the lone voice of opposition on the powerful EU finance committees, has been joined by the German Bundesbank in her criticism of financial supervision.

Bundesbank executive board member Hans Georg Fabritius has been reported in Germany saying the proposed new supervisory powers of the EU are too wide ranging.

Mr Fabitius said he had hoped the "powers and responsibilities of member state authorities had been more clearly defined".

Ms Andreasen said of the supervision proposal: "This is yet another exercise in EU power-grabbing where the scope is wide so as to allow the EU to put its nose into whatever suits it.

"The poor definition of the powers and responsibilities for the authorities in the member states is just a confimration of the EU's real intentions and conforms to the manner in which the EU always gets its way."

Back to Latest News