Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-411-000"
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"en.20120912.22.3-411-000"2
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"Mr President, we are currently faced with the need for a better supervision of European banks in the euro area, and the single supervisory mechanism could help achieve this objective. However, granting greater powers to the European Central Bank could lead to imbalances between the banks in the euro area and those outside it. At the same time, there are still some concerns regarding a possible competition starting between large and local banks. Therefore, I believe an appropriate balance must be struck in order to be able to reduce the vulnerability facing this sector.
In this context, Commissioner, I believe it is necessary to clarify the Commission’s intentions regarding future legislative proposals. At the same time, it is important to know whether the amendment of the Treaties is envisaged in order to achieve the objectives in this area."@en1
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