Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-055-000"
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"en.20111012.14.3-055-000"2
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"Mr President, Mr Barroso, I should like to thank you for coming here for the second time in a fairly short while to tell us that you are presenting a road map, or a comprehensive plan, to us. We have insisted on this matter. We are therefore rather pleased that things are moving in this direction.
I should like, nevertheless, to make two comments. The first concerns the timetable. You have announced measures concerning the banks that I believe are along the right lines, since they would involve the non-payment of dividends to offset measures and so on. Please be aware, however, that some large European banks have already begun to take steps in that direction;
did so the day before yesterday, for example. It would therefore be good if we took action before it is too late, and if the European banking authority that we helped to set up together could offer some guidelines so that the banks are seen for what they are, namely European entities, and if the same rules applied in every country in which they operate.
Secondly, on the question of substance, failing to take action at European level is a problem from the point of view not only of efficiency but also of democracy: how can a handful of politicians – in Slovakia today, but possibly elsewhere tomorrow – representing a very small minority of people being addressed take a decision by themselves and, furthermore, on behalf of the nation, in other words, without giving the others any opportunity to put pressure on those who have to decide? That is why we support a European approach; our need for more Europe is not ideologically motivated. No, we want more Europe for very practical reasons, because our countries, our governments have proved that this does not work. It is ineffective and it is dangerous for democracy. It is therefore in order to tell the European Council this that we are asking you to address it.
I would like to say one last thing, briefly. You have a knack for using up the leftovers, Mr Barroso. It might be an idea to whet the appetites of investors and citizens with something other than recycled ideas that have already been in the fridge for some time. Project bonds date back to the debate on the State of the Union in 2010, but they have yet to materialise. As for the Single Market Act, I recall that, in 2009, before you were appointed, measures were discussed here before us, and still there is nothing. All of this is along the right lines, but to be perfectly honest, we need to move faster, otherwise we will lose all credibility."@en1
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"Erste Bank"1
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