Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-372-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-09-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Proposals for a European banking union (EBU) (debate)2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20120912.22.3-372-000"2
lpv:hasSubsequent	lp_eu:2012-09-12-Speech-3-373-0002
lpv:speaker	lp:Ewald Stadler2
lpv:spokenAs	member; Delegation for relations with Iran (2012-04-17--2014-06-30)3 unknown; Bündnis Zukunft Österreich (2011-12-07--2014-01-14)3 member; REGI (2012-01-19--2012-12-09)3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2012-04-12--2014-06-30)3 member; NA (2011-12-07--2014-06-30)3 substitute; ENVI (2012-01-19--2014-06-30)3
lpv:translated text	"Mr President, the proposals for bank supervision are a direct consequence of the breaking of taboos at the EU summit in June. We are now faced with Article 12 of the Treaty Establishing the European Stability Mechanism (ESM) without a ratification process, in other words, broken taboos are now to be followed by broken laws. We have heard that it is not only the ESM members, in other words the countries themselves, that are to receive financing, but also the banks directly. By breaking this taboo we have a situation whereby funds are to be paid out via the ESM and the supervision of the banks is to be handled by the bank that is increasingly becoming a bad bank because it is to buy up all the scrap loans of the bankrupt states of Europe. This system is doomed to failure. Besides, the previous proposals in relation to bank supervision are in no way suitable for controlling the financial markets. If we really want to control the financial markets, this bank supervision by the ECB is wholly inadequate. The supervision of the financial markets that would be needed in order to take control in this area has failed mainly due to the resistance of the United Kingdom, which is unwilling to place its own financial economy under the control of the European Union. Thus, we find ourselves in an absolute dilemma. Nothing that is being done is sufficient. In the final analysis it will cost the taxpayer billions, taking us one step closer towards a union of the permanent debtors of the rest of Europe, a new USSR in other words. The countries with a healthy balance sheet are constantly required to pay for those countries that previously received low interest rates, despite the fact that they did not have the balance sheets to warrant these. This is a complete dead-end."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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