Interview with Nick Clegg on Lloyds

The transcript discusses the idea of selling bank shares back to taxpayers, highlighting the potential drawbacks of shortchanging taxpayers who initially funded the bailouts. It emphasizes the importance of ensuring taxpayers receive a full return on their investment. The conversation then shifts to the intervention in Libya, defending the decision to prevent a humanitarian crisis in Benghazi. It concludes with a call for the European Union to address the ongoing Mediterranean crisis, stressing the need for a collective response to prevent further loss of life.

What does the speaker believe should happen with the taxpayers' money used to bail out banks?

What urgent need does the speaker identify for the European Union?