Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-053"
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"en.20081008.14.3-053"2
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"Madam President, unfortunately, the President of the Commission is no longer here. He said – I noted it down at the time – we do not yet have the rules that allow a European answer. In that, he is truly right. Mrs Berès told us why he is right – because the commissioner responsible, Mr McCreevy, might as well have been dead for the last four years! He consistently ignored Parliament’s suggestions in at least 10 different reports. That is the reality, not neoliberalism, but remote control from Dublin and London by the commissioner responsible for the financial markets. If the President of the Commission had any backbone, he would take this role away from Mr McCreevy and give it to Mr Almunia, where it belongs, but he does not have the courage to do that. Instead, people keep talking here as if ‘zero hour’ were just beginning. All I can do is shake my head in puzzlement at what the President of the Commission has done. He will not be able to talk his way out of joint responsibility that easily.
I say this so emphatically because we cannot just sit here quietly and wait. We must act quickly. The issuing banks have acted; the finance ministers have acted. All that has become necessary because the crisis has now reached exactly the proportions that we have been afraid of all these years.
Where is Mrs Kroes? She is waffling around with her competition rules and also compromising security in the area of stability of the banks that are still functioning. She is setting deadlines instead of thinking about whether Ireland can allocate 200% of its domestic product as guarantees exclusively for Irish citizens and for future loans. Who has said even one word about that?
If the Commission does not have the courage to make suggestions with regard to a European supervisory authority, even if doing so means going against the will of the Member States, then everything will just collapse. If a European solidarity fund is then established before the rules are harmonised, that would be outright socialism."@en1
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