Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-20-Speech-4-051-000"

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"Mr President, I would like to thank the Commissioner, who is standing in for his colleague, for being here. I welcome the initiative of the Commission with regard to collective redress, which is a long-overdue initiative. It is also mentioned in the report, and I think it is in the interests of the consumers – provided it is well defined and well legislated. I think it is good. We will start with the Green Paper to see what the different opinions are. I welcome this. In the banking sector, we have a very strange situation: State aid is on different levels in different countries, in different stages. In some countries, such as Spain, in the banking sector, the regional banks in particular are in difficulty, and here, life-support from the European Central Bank is needed – although the ECB, as Mr Lamberts pointed out in 30 seconds, risks having many bad assets. This turns the ECB into a sort of bad bank – something we should not have. In other countries, the states are trying to disengage from the banking sector, and here there is the danger of a dowry. I expect that you cannot reply to this issue of a dowry – it is something for the Commissioner – but it would be very unfair to other banks that did not get State aid if some that have been recovered or needed resuscitation suddenly got one. So here we have to look at the issue of the level playing field. Finally, I come to the follow-up, because there were a few remarks by Mrs in ’t Veld, Mrs Gáll and Mr Bütikofer which were spot-on. We had a report last year, we have a report this year and we will probably have a similar report next year. It all stays the same. It looks a bit like a Vatican-based ritual where we have the same things over and over again. I think that we have to look into the follow-up to the questions we have asked, and I propose that the rapporteur and the previous rapporteur get in touch with the Commissioner and with the Director-General of DG COMP to see what happens with the request we made. We need to have a report that is properly implemented in terms of information provision. This is why I propose that we have a proper follow-up, in which Mrs in ’t Veld will certainly support me, to see what the Commission is doing."@en1
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