Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-438-000"

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"en.20121120.28.2-438-000"2
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". − I enthusiastically approved the Thyssen report with conviction, because it sends a strong message to the European Council: Europe must be more democratic and socially involved. In order to restore confidence in the euro, we need stronger European institutions: from a European finance minister to a European banking regulator. Democratic control must also be stronger. A future European finance minister must be individually accountable to the European Parliament. The president of the European banking supervision mechanism that must come into effect in 2013 should be approved and regulated by the European Parliament. The European Semester, the procedure in which the financial and economic policy of the EU countries is checked, must be democratised. Parliament must gain control over the guidelines that the Commission operates. National parliaments must discuss beforehand the reform plans that their governments submit to the Commission. The reforms, cutbacks and investments which governments undertake to carry out within the European Semester must be more strictly checked with regard to their effects on jobs and social protection. In addition to banking union, budgetary union, economic union and democratic union there is therefore a fifth pillar: social union. After all, the EU must not ignore the social consequences of the crisis: poverty and unemployment are increasing."@en1

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