Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-042-000"
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"en.20121120.3.2-042-000"2
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"Commissioner, ladies and gentlemen, first of all I would also like to thank our colleague Ms Thyssen for her extremely detailed and largely balanced report.
We have known for some time that the euro area can only be successful in the long term if it achieves greater integration and actually becomes a genuine economic, financial and monetary union. What that means in detail and what measures need to be taken emerge from the report put forward by Mr Rompuy this summer.
This report was drawn up by four Presidents. There is one President missing, however, namely President Martin Schulz, the representative of our House. To me this demonstrates the little esteem in which our House is actually held by the Council. This is also made clear by the fact that the Council is now trying to rush through a very important issue, namely the introduction of a powerful supervisory mechanism for the banking sector at the European Central Bank, with Parliament once again having been assigned nothing more than a role on the sidelines.
I do not consider this to be compatible with the spirit of the Treaty of Lisbon and I believe that the Council’s ‘sink or swim’ policy towards Parliament is doomed to failure in the long term."@en1
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