Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-592-000"
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"en.20120215.27.3-592-000"2
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"Mr President, ladies and gentlemen, I can only agree with Mr Simon. I very much regret that we did not succeed in completing this report by the end of last year as planned. From my point of view, and that of the Group of the European People’s Party (Christian Democrats), our text offers a well-balanced approach which increases security and protection for depositors, on the one hand, while avoiding excessive demands on the banks, on the other.
In my opinion, we also succeeded in striking the right balance between harmonisation and flexibility. It was clear that we would need to negotiate hard with the Council on some issues. However, I never expected that the Member States would block any substantial rapprochement.
The Member States declared several times that they were unwilling to commit to a deposit guarantee scheme as long as we had no proposals in relation to crisis resolution. We all know, however, just how long we have been held up with the report on crisis resolution.
I believe that we have no other choice than to vote on this report tomorrow in plenary after more than six months of waiting. I believe that we need truly credible, reliable deposit guarantee schemes in the European Union. If the Council believes differently, it should answer to the public on this issue. We have played our part as colegislators. I would like to thank Mr Simon and the other shadow rapporteurs expressly for their extraordinarily positive and productive cooperation."@en1
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