Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-103-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-09-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:State of the Union (debate)2
dcterms:Language	"bg"^^xsd:language2
lpv:document identification number	"en.20120912.4.3-103-000"2
lpv:hasSubsequent	lp_eu:2012-09-12-Speech-3-104-0002
lpv:speaker	lp:Iliana Ivanova2
lpv:spokenAs	substitute; ECON (2012-01-19--2012-11-27)3 substitute; CRIM (2012-03-28--2012-12-31)3 vice-chair; CONT (2012-01-23--2012-12-10)3 member; IMCO (2012-01-19--2012-12-31)3 vice-chair; Delegation for relations with the People's Republic of China (2009-09-29--2012-12-10)3 unknown; Citizens for European Development of Bulgaria (2009-07-14--2012-12-31)3 substitute; Delegation for relations with Australia and New Zealand (2011-12-20--2012-12-31)3 member; EPP (2009-07-14--2012-12-31)3
lpv:translated text	"The crisis exposed serious flaws in the supervision of the banking sector in the EU Member States. The problems of the banking systems of some countries in the euro area caused serious problems to their public finances. However, now the cost is being paid by the European taxpayer. We are now seeing that it is not enough for the ECB to monitor only the systematically important banks in order to ensure the system’s stability. Many financial institutions operate across borders within the Union, which is why measures at European level are needed to effectively and efficiently monitor and control this sector. The European Commission’s legislative proposals on a European supervision mechanism aiming to create a banking union within the EU will further strengthen the European Central Bank’s role. However, assurances are needed that the ten Member States outside the euro area will not be put on the back burner and that their voices will continue to be heard. This is the only way to ensure equality when making decisions on our common European future."@en1

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