Watson - Brown still missing the point on Europe

5.00.00pm GMT Tue 24th Mar 2009

Graham Watson MEP speaking in Parliament

Commenting on Gordon Brown's speech in the European Parliament in Strasbourg today Graham Watson MEP, Leader of the pan-European Alliance of Liberals and Democrats for Europe (ALDE) , and MEP for the South West of England and Gibraltar added:

"The reality of this recession shows that those who have wilfully ignored bad practice are now suffering most. We need a European Financial Services Authority to ensure closer supervision and greater accountability.

"The era of easy money is past. For future growth, making a living must not equate to making a killing.

"But to achieve these things, Europe must marshal consensus - and the UK must be part of it as an active and constructive partner."