Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-605-000"
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"en.20120215.27.3-605-000"2
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"Mr President, I have listened very carefully to what has been said by your rapporteur in his own speech and thereafter. I would like to thank Ms Roithová and Mr Stoyanov, the rapporteurs for their committees, for having welcomed the improvements proposed for this Commission text by the Commission and by your rapporteur to make the guarantee scheme more effective and less costly, as indeed Mr Simon has pointed out, particularly for the most vulnerable, of whom there are many at present.
That is why I would like to thank you, Mr Simon, for the efforts that you will continue to make in the coming hours, days and weeks to enable us to reach an agreement with the Council. In any case, I shall be ready to play my part in it.
I would like to thank Mr Balz for having pointed out the logical link – in a sense, the synergy – that I myself had proposed in the discussions, with the plan for the resolution scheme that the Commission is about to propose in the coming weeks. Mr Klinz, first of all, very strongly emphasised how important it is to have a scheme – you said a single European scheme – or at least an identical one, so that countries lagging behind can catch up with those who have already introduced this guarantee scheme. This must be a consistent scheme and I, like you, Mr Klinz, Mr Paška and Ms Băsescu, think that this helps the financial stability of the European Union.
This harmonisation that Mr Klinz and Ms Ţicău have just mentioned will be one of the major achievements of this plan when it is made official and operational. I would like to point out, ladies and gentlemen, that these patient, tenacious, week-on-week efforts are all working in the same direction, towards a single market for financial services, much as we have, for 50 years, been building a single market in all the other domains. However, I would like to be the Commissioner who, with you, will develop and, if possible, bring to completion the single market in financial services. This text contributes to that.
Mr Giegold requested, as I myself have done, new advances from the Council to enable us to reach a compromise as quickly as possible and I share, Mr Giegold, your point of view, that, and I had said this myself as had Mr Simon, that a riskier bank must pay more. That is clearly the rationale behind this text.
I would like to say just a word to Ms Ford and Ms Swinburne who have scrutinised this text closely. I honestly believe, Ms Ford, Ms Swinburne, that together, we have struck the right balance between prevention and the costs of prevention. I should like to note further that this text allows for a transition period during which the guarantee fund will progressively become fully functional and complete.
I should also like to note that this text has a signal advantage. It allows a mixture, with
prevention being added to
cure. You can see, and here I am addressing Ms Ford and Ms Swinburne, that when we have not sufficiently planned for
prevention, or indeed planned for it at all, we end up with deposit guarantee schemes in deficit. That is the case in a number of countries. I would like to say that this scheme seems to me to have struck the right balance
I also think that when we speak about all these matters – Mr Klinz you spoke about the crisis and the failure of a particular bank – I shall not fail to remember that it was clearly the financial crisis and the behaviour of a number of banks that shattered growth and placed many citizens in great difficulties.
I would like – as I think I have replied to everyone – to thank you for your support and simply say to Mr Simon that as Commissioner responsible for this matter, I have confidence in him and the coordinator. I have faith in you regarding a text that provides a good compromise for the economy, for depositors – particularly the most vulnerable – and one which will enable a rapid solution to be reached. I shall continue to be available to facilitate an agreement between the Council and Parliament.
Ladies and gentlemen, given the current situation, this citizen project is too important to remain in the realms of theory. We must bring this project to a successful conclusion. It is crucial for the citizen’s Europe that we wish to construct and also to provide a practical response to the worries and concerns of a number of citizens."@en1
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