Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-12-12-Speech-3-037-000"
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"en.20121212.5.3-037-000"2
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"Mr President, there is a lot on the agenda and, alas, most of it is diluted. My wish is that those things that need to be done fast are done fast, which mainly means action in connection with money and debt. Every twist and delay makes bail-out, restructuring, write-offs, buy-back and even the redemption fund more expensive. If we had faced up to the reduction of Greek bond debts sooner, it would have cost less without putting profit in the pockets of hedge funds.
On other issues, the pace has probably been too fast. The Single Supervisory Mechanism is an example. The Parliament has delivered a good and balanced position, and we are waiting for our co-legislative partner to get a negotiation mandate. But remember that the deal has to be done with us! It is not finalised in the European Council.
Presidents, you have also both raised the issue of more scrutiny. My committee is not shy of this. Where was the economic dialogue invented? In the ECON committee in this Parliament — but boy, did we have to fight! We have established meetings with national parliaments for the scrutiny of the Semester process; the steps we have taken have been welcomed, but attendance by ministers is voluntary and attendance by Commissioners gets squeezed between Greece and press conferences.
As we move forward with SSM and further steps in EMU we have shown ourselves ready to scrutinise to the maximum, but give us real scrutiny, including the power to summon and demand attendance when we want it.
Finally, on the Two-pack: communitising intergovernmental steps is welcome, but there is need for more ambition in facing the sovereign debt crisis. Delay may be politically convenient but, as I said, time is money, not just in terms of the final bill but in terms of the human cost involved and the uncertainty that blights the plans of individuals, businesses and Europe."@en1
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