Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-400-000"
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"en.20120912.22.3-400-000"2
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"Mr President, Commissioner Barnier, ladies and gentlemen, the proposals you have illustrated, Mr Barnier, are very important both for their substance, which concerns what the banking union should do, and also for the political signal they contain.
This is a form of shared sovereignty that is a step on the way towards developing a different structure for Europe’s institutions, one that is more advanced than the current structure. In my view, however, careful consideration should be given to a number of quite significant points.
The first is the timeframe. You said, rightly, that this is not the time to be sidetracked by the debate on who should occupy these posts. Yet that subject will have to be tackled, and soon, so as not to nullify the potential of the instrument we are discussing. The second point concerns the need to find a suitable solution to the problem of the relationship between the Central Bank’s supervisory functions and its own autonomous functions.
Its autonomy should be upheld, and its supervision role should be coordinated with Parliament’s role. What is happening in the national parliaments today is clear; what will happen here in the future is not yet defined."@en1
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