Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-116-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-07-03"^^xsd:date2
dcterms:Is Part Of	lp_eu:Conclusions of the European Council meeting (28-29 June 2012) (debate)2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20120703.5.2-116-000"2
lpv:hasSubsequent	lp_eu:2012-07-03-Speech-2-117-0002
lpv:speaker	lp:Bas Belder2
lpv:spokenAs	chair; Delegation for relations with Israel (2009-09-17--2014-06-30)3 substitute; BUDG (2012-01-19--2014-06-30)3 chair_of_the_bureau; EFD (2011-05-23--2014-06-30)3 member; Conference of Delegation Chairs (2009-09-17--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 unknown; Staatkundig Gereformeerde Partij (2009-12-07--2014-06-30)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 substitute; DROI (2012-01-19--2014-06-30)3 member; AFET (2012-01-19--2014-06-30)3
lpv:translated text	"The Heads of Government have taken steps to combat the euro crisis: European banking supervision, support to European banks and the buying up of government bonds from the emergency fund. This is nothing short of a major step towards a European banking union. It is unfortunate that the situation in the euro area is such that many economists consider this substantial step necessary. I have three questions for the Council with regard to the outcome of the summit. Firstly, does direct European support to banks not weaken to too great an extent the incentive to the weak euro countries to put their affairs in order, both in the banking sector and in public finances? Secondly, the ESM Treaty. The German Chancellor and the Commission argue that direct support may be provided under Article 19 of the ESM Treaty without renewed ratification by national parliaments of any amendments to ESM. Does the Council take the view that direct support to banks does not require renewed ratification? Finally, to what extent is it realistic to assume that Europe will have an effective system of banking supervision as early as six months from now? That is a prerequisite for responsible spending of money from the emergency fund."@en1

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