Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-266"
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"en.20100707.23.3-266"2
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"After two months of tenacious negotiations with Council, the European Parliament today voted on its amendments to the Commission proposals for financial supervision. A broad coalition has made it clear that the Parliament will only agree to the final package if ambitious rules for new European financial supervision are set. At the same time, the Parliament has left open an opportunity for agreement by postponing the final first reading vote until September.
The Council must now grasp this chance to overcome its own lethargy and walk over the bridge that Parliament has built. After 20 trialogue meetings, Council has not presented a compromise offer, whereas Parliament has submitted a comprehensive proposal. Hence, the negotiations have turned out to be disappointing. The Council negotiators have failed. As a European institution, the Council must not leave itself hostage to national interests and must be prepared, if needed, to vote by qualified majority to reach agreement with the Parliament. The European Parliament will only agree to a first reading agreement in September if the European supervisory authorities are given real powers."@en1
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