Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-313-000"

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"en.20120913.29.4-313-000"2
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"This resolution has the merit of making a statement that is common sense: ‘It is crucial to break the link between banks and sovereigns’. Unfortunately, it will have no effect. It makes no mention of the proposal to authorise the European Central Bank (ECB) to lend directly to States, who are the only ones capable of resolving the problem. More and more European economists and politicians support this theory. However, clearly, the Committee on Economic and Monetary Affairs has not been listening. I denounce this unprecedented blindness. Nonetheless, I appreciate, firstly, that the resolution recalls that a European Banking Authority, which responds to the same objectives as those of this ‘banking union’ that we are sick and tired of hearing about, was already established in 2010 and, secondly, that it denounces the exclusion of Parliament from the process of establishing the banking union, which the Council is trying to impose. I therefore abstained."@en1

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