Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-314-250"
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"en.20120913.29.4-314-250"2
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"The document published in June by the President of the European Council constitutes a particularly important initiative, which is an expression of the primary function of the European Council, namely, to set new directions for integration and to set the European Union’s political priorities. I strongly support the detailed strategy for the parallel creation of integrated financial and budgetary frameworks and economic policy, while at the same time maintaining the right level of democratic legitimacy. The implementation of this courageous plan should take place on an EU-wide level, which will ensure the appropriate transparency of the decision-making process as well as accountability on the part of the new institutions vis-à-vis their citizens.
I also believe that all European Union Member States should be included in the new integrated financial frameworks, so as to avoid losing the progress towards a single financial market that has been achieved to date and to avoid frustrating the implementation of future steps. In my opinion, we should also remember that, before implementing the ambitious vision of a banking union, we should first, acting quickly and effectively, conclude negotiations on outstanding areas of the integrated financial frameworks, namely, regulations concerning a deposit guarantee scheme and capital requirements. Without these areas, it will not be possible to rebuild a stable European financial system."@en1
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