Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-08-Speech-3-020"
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"en.20100908.3.3-020"2
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"Madam President, Commissioner, Mr Reynders, I have five points to make. Firstly, I must say that I find it regrettable such an important Ecofin meeting as yesterday’s was held at the same time as the address by the President of the Commission on the state of the Union. I would expect better coordination. If we are all to pull in the same direction, we need to be aware of the topics and highlights that concern the European Union; we need to coordinate our efforts, listen to each other and talk to one another. Such parallel scheduling is entirely unnecessary and does a disservice to both events.
The second issue I would like to mention is supervision. I would like to thank the Presidency of the Council, the Commissioner and Parliament. If it were not for the decision by Parliament in July, progress would never have been made over the summer and we would not have supervision with teeth. If it were not for the decision by Parliament in July, the President of the European Central Bank would not be heading up the macro-supervision authority. These matters were tightened up through the active cooperation of Parliament and the Belgian Presidency with the support of the Commission. I would like to thank you warmly for this.
My third point is in relation to the Europeanisation of the drafting of the budget. We must be aware that the second pillar of monetary union will only work if we pursue economic and social union and europeanise budgetary policy and taxation policy as a first step, rather than simply coordinating them.
My fourth point is that, while we need a bank levy, this should not be allowed to become a bottomless pit. The levy should have a European objective and be ring-fenced for European purposes and the European Monetary Fund should be established.
My fifth point is in relation to the financial transaction tax. By now, those in favour and those against the tax must feel like they have been going around in circles to no avail. Mr Reynders, you have just commented that this has been the first serious debate on the issue. However, we have been talking about it for a year. We have been asking questions. We have been adopting resolutions. First you seem to shift responsibility to the G20, then to the Commission and finally to the Member States. We want these five questions to be answered. What is to be the basis for assessment? What is the percentage rate to be? Who will impose the levy? Who is going to get the money and what for? Present a project to us, then we can discuss the matter further and finally do something practical."@en1
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