Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-074"

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"en.20100922.4.3-074"2
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"Madam President, today is a good day for Europe. In December, we had a poor agreement and now, thanks to the cooperation between Parliament, the Presidency-in-Office of the Council and the Commission, we have a good agreement. It is a good agreement that is going to establish genuinely European authorities that are strong and subject to the democratic control of Parliament: authorities that are going to be designed to ensure that all the banks are subject to the same rules across the European Union. They will be able to impose their decisions on the national supervisory bodies and, if they do not comply with them, on the private banks, in order to protect families and businesses. This will enable them to combat the banks that could cause systemic risks and prevent taxpayers from having to pay once again for the irrational exuberance of some financial institutions. The lesson that we can learn from this debate is that Parliament is not like a dog whose bark is worse than his bite that will back down at the slightest gesture from the Council: it holds firmly to its positions. Nor is it a dog in the manger: it is a good ally of the Council and the Commission for moving forward in the process of European integration. Thanks to my fellow Members, Commissioner Barnier and Mr Reynders, we now have an excellent agreement on which we should congratulate ourselves."@en1
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