Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-088-000"
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"en.20121023.5.2-088-000"2
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"Mr President, let me first welcome the decision of the European Council on the banking union. Nevertheless, I have to tell you that I thought it had already been decided in June – but better a European Council that decides the same thing twice than nothing at all.
I am also glad to see that the Council finally agrees with the position of the European Parliament and that of the European Commission. We said from the beginning that this system has to be applicable to all banks, and it was an absurd idea to supervise only some banks.
My second remark is also what our colleague Mr Swoboda said on the timetable. I have to tell you that I am less positive, because this timetable that they agreed on is firmly linked to – what? To the electoral calendar of Germany. I find it irresponsible that we first of all have to wait nine months before we can start to implement something that we will approve here through legislation by the end of the year. Nine months to wait for what? For the electoral calendar and the outcome of the elections in Germany. This is the intergovernmental method; if every time you have to wait for the electoral calendar of France, then Italy and now Germany, you will do nothing.
My second point concerns the Paper. I think there are many good ideas in the Paper, and there are also ideas with which I have some difficulties: the idea of individual contracts, for example. I do not think that our European Union is what I would call a private law concern, based on contracts between the Member States and the European institutions. No: we want common policies and binding legislation.
My second point on the paper is on mutualisation of debt. May I ask you, Mr Barroso – you know, I will do it every time – every month I will come back to you and ask you: where is your proposal on the redemption fund and on the start of a Eurobond market? Because you know that it is the only way that interest rates can go down in the European Union. Take, for example, Slovenia. Slovenia is a country with less than 60 % public debt; at the same time it has a fiscal deficit of more or less 3 %, and it has an interest rate of 6 %, because it is a small market and nobody is interested today, with this crisis, in buying Slovenian bonds. The Eurobond market is the only way to solve it. I can tell you I have talked about the necessity to approve the two-pack, while Parliament’s position is clear: if there is no proposal on the redemption fund on the table, we will not approve the two-pack. It is the same for Mr Schäuble’s proposal. Mr Schäuble can say, ‘I want the Super-Commissioner for economic and monetary affairs’. We will not go in that direction – even if I am in favour of that proposal – if there is no proposal on neutralisation of the debt as a first step towards the redemption fund or a first step towards a Eurobond market. We are firm on this within Parliament because we know that it is the only way to end this crisis, besides all the other measures which need to be taken.
Finally, something completely different, Mr President: Syria. It is time for the European Council to do something, for the Nobel Peace Prize winner to do something. We all know what is needed in Syria. We need, as fast as possible, a no-fly-zone so that Assad can no longer do what he is doing now: using his air force to massacre his people. Aleppo, dear colleagues, is becoming more and more like Dresden. Daily bombardments, shelling by the Syrian air force and a whole city in ruins. I find it a scandal that neither the European Council nor the other European institutions are taking their responsibility regarding that scandal together with the international community."@en1
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