Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-015-000"

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"Mr President, first of all I would like to express my gratitude to the rapporteur, who did a magnificent job. I would like to start by addressing the so-called fourth pillar, democratic legitimacy, because I think that this is an issue which is under-exposed. In my view we do not only have an economic crisis, a banking crisis and a debt crisis; we have a democratic crisis, and the issue of democratic legitimacy is not a nice little extra that we can do once the economic crisis is over. No, democratic legitimacy is a precondition for solving the situation we are in. In this respect I have to say that I am extremely worried when I see that the European Union has taken major steps ahead over the last three years, but in an increasingly undemocratic, non-transparent way; increasingly intergovernmental and increasingly outside any Treaty structures. It is not even intergovernmental anymore. That is not the way to go. If we want to solve the situation, if we want to make that leap ahead into the future, then the democratic crisis is the first thing that we need to solve and I think there are some interesting elements in the report. I think one of the things that we need to look at very closely is individual accountability of European Commissioners, accountability before this Parliament. A second issue that we need to look at again – which is not a nice luxury extra – is transparency. In a democratic political union, transparency is key to accountability. So far we have worked under the diplomatic method with the tradition of diplomatic discretion, but now we need transparency, we need openness, we need to enable citizens to watch what we are doing. Parliament, too, should look very closely at the way it organises its work. We should enable ourselves to exercise meaningful parliamentary scrutiny, and I would like to add here as well that although Parliament should reflect the cultural diversity of Europe, we should not actually be speaking on behalf of the Member States. We are here to defend the general European interest and as I listen to the debates here I occasionally detect hints of nationalism. Finally about banking supervision: I would still like to emphasise that although there is a need to move quickly to set up the banking union, we all know, as we are working on the proposals, that they are not sufficient in the long term. I think that we need, now already, to have a long-term perspective, because we know that the ECB cannot cover everything. It cannot cover the non-euro area countries; it cannot cover the non-banking sector; and I have too my question marks over the concentration of power. So I do think that we need a roadmap towards adequate and democratic banking supervision."@en1
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