Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-08-Speech-3-031"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100908.3.3-031"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:translated text |
"Madam President, I should like to thank each and every one of you for what you have said with regard to the collective outcome achieved in the area of supervision.
I believe that this is very important. I was a member of the French Parliament and a senator for 20 years. I would have been very happy if, when I voted on my country’s budget, I had been given an independent and objective overview of what was happening in other countries, how they were achieving – sometimes alone and using different methods – the same jointly agreed objectives and disciplines.
I should therefore like you to know that, as far as all these coordination and governance issues are concerned, the Commission does have the political will and that Commissioner Rehn’s door is always open.
I should like to return to what Mrs Ferreira just said about our citizens being shaken, affected by all these financial, economic and social crises, without forgetting the food and environmental crises. I believe that we must make a point of demonstrating to our citizens that we are learning lessons from the crisis, because they are the people who elect you, and we are accountable to them. This is what we have just done with regard to supervision; we just need to communicate and explain it, which is what we have started to do. Here I am thinking about Mrs McCarthy’s report on CRD III and remuneration. I believe that, when it comes to all of the issues that have shocked, shaken and affected our citizens and elected representatives, we, Parliament, the Council and the Commission, must demonstrate that we are providing EU-level responses, and specific responses at that.
With regard to the tax on transactions, Commissioner Šemeta has completed a very important and useful task in analysing the various options and the consequences of establishing this tax if it were applied on a regional basis only. I think that this is an important task. I would say to Mr Giegold that, at the G20 in Toronto, the President of the Commission clearly took a stand, on our behalf, in favour of an equitable and substantial levy on financial services. We will confirm his position in October. You therefore do not have very long to wait, Mr Karas. I should also like to say to Mrs Figueiredo that this debate is continuing. It is no good us being right on our own. We have to convince the people of Europe and, as Mr Reynders can explain better than I, there is still a long way to go at EU-27 level, an awfully long way to go. Then, the other regions of the world will also need to be convinced.
I, like Mrs Wortmann-Kool, Mrs Swinburne and Mrs Ford, believe that, if this tax is to be truly effective, it must be established on as broad a base as possible. This is why we have to convince the other regions of the world.
While I am talking about the world, I should like to say a word about global governance. I can confirm to Mr Skinner that we are going to prepare this comparative table. Furthermore, once this exercise has been completed for the US and the EU, I think it should be extended to the other regions of the world, which I have just mentioned: China, India, Brazil, and Africa as well, which has a contribution to make and is very much affected. I shall therefore make sure I use all the information referred to by Mr Skinner. With regard to governance, which Mrs Podimata and Mr Martin, too, mentioned, we do not yet have the same methods or the same legislation because our economies are very different. Mr Martin quoted Volcker’s famous ‘too big to fail’ strategy. Our analysis in Europe is different: for every bank, irrespective of its size and range of activities, there must be good external and internal supervision and good governance, and the diversity of its activities should not necessarily be curtailed.
Parliament clearly plays an essential role with regard to supervision. Mrs Goulard mentioned the work done at your behest to improve the credibility of the agencies. Mr Nitras referred to the key role of the European Central Bank, whose President is going to become the first chair of the Systemic Risk Board, with the task of ensuring that that institution is credible. Mr Karas also mentioned that, thanks to you and to the original and exceptional decision you all took in July to postpone your first-reading vote until autumn, we have had the time to convince and make progress with the Council. I have not forgotten all that and I should like to thank you again.
I should like to finish by mentioning, as Mrs Auconie said, that we need ‘more Europe’. Please allow me to express my conviction, ladies and gentlemen, that we must regulate. We must supervise and learn lessons from the crisis. We must improve public finances, because today’s debts are the taxes of future generations. We must have governance. I am going to finish with a few words on this issue.
Governance is not enough. We must also support an economic project. This is what President Barroso wished to say to you very forcefully yesterday, and what we are going to pursue. It is also the context in which you will have to interpret the proposals we make in the autumn, through the Single Market Act, to improve the functioning of the internal market and to guarantee the 1% or 2% growth which Europe could achieve if the internal market operated better.
I shall conclude with economic coordination, which many of you have mentioned. I should like to remind you that at the end of this month, Commissioner Rehn and President Barroso will be submitting some fairly strong proposals for action in the area of governance. With regard to the European Semester, mentioned by Mr Portas, Mr Giegold, Mr Karas, Mr Sánchez Presedo, Mr Cutaş and Mrs Auconie, you clearly have the political will to support this new method of coordination, of radar screens, of real-time snapshots, of proactive action towards governments while respecting, Madam President, the prerogatives and the sovereignty of national parliaments."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples