Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-16-Speech-3-034"
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"en.20090916.4.3-034"2
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"Mr President, Minister, Mr Almunia, first of all, on 3 September, Germany, the United Kingdom and France reached an agreement, spoke with one voice to express a European consensus on the matter of the supervision of traders’ bonuses.
On Thursday, the 27 members of the Council will meet to prepare for the G20. I encourage you to work actively to find a solution, a common response, but one that is especially ambitious as regards the matter of traders’ salaries. Indeed, the rules enacted and the decisions taken at the last G20, in April, have not been respected, as the banks, which had also received State aid, swiftly set aside sums to pay traders.
European citizens cannot and would not understand why such breaches have not been punished, when measures were taken at the time of the G20 Summit. When it is a matter of State aid, breaches absolutely must be punished. It is therefore essential that concrete and, above all, joint measures be adopted at Pittsburgh. We cannot be the only virtuous ones.
In short, salaries must be better supervised through rules of transparency, governance and responsibility, and penalties must be applied where these rules are breached."@en1
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