Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-377-000"
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"en.20120912.22.3-377-000"2
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"Mr President, today’s debate on a euro zone banking unit is the content of an oral question and now even though I have seen the Commission’s proposals it seems all I still have are questions. How are the non-euro zone Member States’ banks going to interact within euro zone countries? How will cross-border and third country relationships in the financial services be treated? How will the single market and the single rule book for the 27 be preserved and how is the EBA (the European Banking Authority) going to function with 17 Members represented by a single body balanced against the other ten? Solving the constitutional quandary will not be easy, and in doing so I hope that the Commissioner will be able to answer all of these questions to the satisfaction of this House and all 27 governments. The EU Treaty article being used might seem convenient to redistribute the powers of supervision, but the barrier of unanimity is going to be a difficult safeguard to overcome."@en1
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