Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-064"
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"en.20081021.7.2-064"2
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"Mr President, I address my remarks to the President-in-Office of the Council. President-in-Office, you brought us warm and encouraging words from last week’s Council. You said that Council and Parliament must work hand in hand – ‘
’ – but our job is to read the small print.
Why do the Council conclusions refer only to cooperation between Council and Commission?
Why in all the paragraphs on climate change is there no mention whatsoever of the European Parliament? In paragraph 16 of this document, you should have invited the European Parliament – not just the Commission – to work with you; and recognise that Council and Parliament will decide, not the Council alone. Moreover, President-in-Office, you will find you need the European Parliament because some Member States are trying to unpick properly reached agreements. Europe must stick to its negotiated targets. It is dishonest of some governments to say that the new economic climate makes those agreements unachievable. New emissions targets for the car industry will not be in force until 2012: the emission-sharing proposals apply only after 2013, long after the global economy is forecast to pick up. Postponing action now will invite climate catastrophe and an even bigger bill. We need more than the Council agreed last week.
President-in-Office, you rightly recognise the power of the markets. Since the Berlin Wall fell, 50 million Europeans have been lifted out of poverty because the free movement of goods, services and people is the key to Europe’s prosperity. More than that, it is vital to our liberty. Today we are seeing what happens when markets lack accountability. In recent weeks the global finance system has stared into an abyss and we need concerted action to pull it back. So my group welcomes the Council’s consolidation of the measures agreed by the euro area. They have alleviated the pressure on the interbank markets. Now we need to steer interest rates downwards to alleviate recession.
We also welcome the Commission’s Capital Requirements Directive, the new accounting standards and the plans to control credit rating agencies. Europe must also play a leading role in negotiating a global system of financial governance. While rules are necessary, so are the means to enforce them. The Summit failed to agree an effective regime to supervise the financial system in Europe. I have made the case for a European financial services authority and it is rumoured that the President-in-Office also favours rigorous supervision at European level. By all means, try with the Americans to get a global agreement but proceed without them if they will not play ball. Supervision of the financial services industry remains the missing piece of the jigsaw.
President-in-Office, you are a man of action. Your actions underline the case for a full-time President of the Council. You draw attention to our successes. In August, Europe kept the tanks out of Tbilisi. This month Europe has kept the banks in business. If, in December, Europe acts to preserve the planet then we should convince even the most sceptical that we need the Lisbon Treaty."@en1
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"travailler main dans la main"1
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