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Euro Parliament committee in talks on economic crisis

A special European Parliament committee on the economic crisis will visit London this week calling for a more Eurocentric approach to dealing with the aftermath of the crisis.

The financial, economic and social crisis committee will be seeking information to include in a report into the crisis, due to be published in July, and evaluating implementation of legislation intended to deliver a uniform, pan-European response.

They will meet with Treasury financial secretary Mark Hoban, representatives of the Treasury and work and pensions select committees, the Business Dep-artment, the Bank of England, banks and unions.

The committee has no legislative powers but committee member and Conservative MEP for East England Vicky Ford says it will be reporting back to the European Parliament, helping shape future legislation.

Ford says: “It is vital that the voices of the finance industry as well as those involved in regulation and law-making are heard and listened to.”

Committee member and Conservative MEP for Wales Kay Swinburne says: “Europe cannot restart its post-crisis growth without maintaining London as a strong, globally respected financial centre.”

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