Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-389"

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"en.20100706.28.2-389"2
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". Madam President, Commissioners, if the European Union’s Member States want to be strong economically and externally, they must present a united front as the European Union. The financial markets supervision package, with a European Systemic Risk Board which is as powerful as possible, is therefore exactly what is needed, along with strong European – and I stress the word ‘European’ – banking, securities and insurance supervisory authorities. The European Systemic Risk Board is – if you allow me to make the comparison – somewhat akin to the Federal President of Germany. In his current form, he does not have any far-reaching intervention powers – I would have liked him to have more – but he can display great moral authority. This means he can issue warnings, make recommendations, and all of this in public. The European Parliament – and I consider this to be a particular success – also insisted on stakeholders from civil society being included on the Board of the ESRB, in other words, consumer protection groups, trade unions and scientists. I really do regard this as an extremely positive move which should be highlighted. On that note, I would like to call on Member States not to resort to the outdated methods of the past to create the economic order of the 21st century, but to think and act in a European spirit."@en1
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