Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-392"

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"Madam President, I believe that there can only be two solutions for resolving the financial crisis that we have experienced: either we give more powers to national supervisors, or we create a European supervisor and give powers to it. I am glad, Madam President, that at this moment, Parliament is firmly committed, politically committed, to European supervision, and I believe that there is great consensus on this among all political groupings. The Committee on Constitutional Affairs will support, and has supported, all institutional measures that move in this direction. It seems to me at the moment, Madam President, that once this commitment becomes manifest tomorrow, the Commission has a first order function in negotiations with the Council. During these negotiations, it seems to me that the key point will be whether these European authorities will be able to deal with companies affected directly at national level if the national supervisor is not involved. Therefore, Commissioner, the best of luck with this task, which I believe to be a determining factor for the future of supervision and capital, at this time, for those of us who would like more Europe."@en1
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