Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-440-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-11-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lv"^^xsd:language2
lpv:document identification number	"en.20121120.28.2-440-750"2
lpv:hasSubsequent	lp_eu:2012-11-20-Speech-2-440-8752
lpv:speaker	lp:Roberts Zīle2
lpv:spokenAs	substitute; Delegation to the EU-Chile Joint Parliamentary Committee (2009-09-16--2014-06-30)3 member_of_the_bureau; PECH (2009-07-16--2014-06-30)3 substitute; ECON (2012-01-25--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 unknown; Tēvzemei un Brīvībai/LNNK (2009-07-14--2014-06-30)3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 member; TRAN (2012-01-19--2014-06-30)3
lpv:translated text	". − This own-initiative report drafted by the Committee on Economic and Monetary Affairs, together with the recommendations attached to it, point in the right direction for a more integrated euro area and European Union. Although banking union, the first stage in approaching genuine economic and monetary union, is encountering difficulties and the interests and prejudices of various states are becoming increasingly prominent, these ought not to be reasons for not striving for such an ambitious system. With its help, it will be possible to resolve the current crisis and to prevent the recurrence of similar crises in the future. In addition to a single supervisory mechanism for banks we must also rapidly reach agreement on a common deposit guarantee fund and other mechanisms – and thus also on a sufficient EU budget with which to fund these. Member States which have prejudices against unequal expenditure in connection with mechanisms for resolving the crisis ought to acknowledge that all states have enjoyed the benefits of the single market and single currency and that it is only fair, in difficult times, for all states to assume responsibility. Similarly, we must look at the EU’s banking sector as a whole, taking into account the fact that it involves cross-border activities. A solid mechanism for solving banks’ problems, financed by credit institutions, is the right way to ensure that insolvency on the part of banks will not result in states becoming insolvent. It is in the universal interest to achieve a sustainable future for the EU, with a fair approach to all."@en1

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