Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-434-875"

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". − Together with the European Conservatives and Reformists Group, I voted against the report on the issue of an action plan for creating a ‘banking union’. Several important factors made themselves felt. Governance of the economic and monetary union was supposed to be conducted within the institutional framework of the Union, and Parliament was supposed to play the role of co-legislator, but that runs counter to the current Commission application and the understanding achieved in the Council (Article 127(6) of the Treaty on the Functioning of the European Union). Furthermore, the attribution of a binding nature to the rights of coordination and surveillance of the budgetary discipline of the Member States whose currency is the euro would mean that national parliaments of euro area countries would have no say concerning their own national budgets, and that would facilitate the appearance of a common budget for the euro area. As a ‘genuine EMU’ demands increased budgetary opportunities within the framework of the EU budget, we are against both the increase in the EU’s own resources and the introduction of an EU financial transaction tax."@en1

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