Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-113-000"

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"en.20121023.5.2-113-000"2
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"Mr President, facts are extraordinarily stubborn things. The most recent Eurostat statement shows unambiguously that our crisis management is inadequate. In spite of this, decision-making at the current summit continues to be erratic. No decisions have been arrived at, only a direction. At the same time, I think it is important that the new banking supervision should be able to start operating on the basis of the current EU institutions and treaties, and that in future a clear separation will be made between the European Central Bank’s monetary policy and its supervisory responsibilities. We have wasted a great deal of time, but this is not a good reason to make irresponsible decisions now on the pretext that time is short, and which could result in flawed supervision. I am referring to the sort of decisions that will be detrimental to non-members of the eurozone, or indeed to those who voluntarily sign up to the new supervisory mechanism. It is a well-known fact – we have stated this several times and we will not deny it – that the crisis does not respect borders. This is why it is clear to me that we must also have cross-border crisis management – while of course taking into account the interests of the Member States. In other words, saving the euro requires maximum integration. For those of us who have stated that we want to join the euro in future, it is unacceptable to hear talk of a multi-tiered Europe in connection with banking supervision. Those who say this are flying in the face of the fundamental principle of European solidarity. They have not read the signs of the times and they are refusing to learn from the bitter lessons of the past."@en1
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