Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-395-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120912.22.3-395-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, the fear caused by the crisis has led to the discontinuation of inter-bank loans, contagion between public and private debt, and the fragmentation of the internal market. This has resulted in the most at-risk countries being in a worse situation, as well as deterioration in euro area stability, and reduced economic activity.
Confidence needs to be instilled so that capital goes to where it is needed. Banking union should achieve that through applying the same rules for all financial institutions in the internal market, ensuring monetary policy is correctly conveyed and avoiding moral risk, giving rise to the possibility of direct recapitalisation of banks and the protection of European citizens and depositors.
The new package should be agreed by the ordinary legislative procedure and should not restricted solely to the establishment of the European Central Bank as the common supervisory authority, given that it should also include, as was stated in the first supervisory package, a European deposit guarantee scheme and European mechanisms for crisis management and resolution."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples