Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-08-Speech-3-024"

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"en.20100908.3.3-024"2
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"Madam President, I would like to congratulate the Presidency on the unanimous adoption by the Council of the compromise reached with Parliament and the Commission on the supervisory package. We have been working with the Spanish and Belgian Presidencies and have managed to complete our task with an ambitious compromise that lays the solid foundations for financial reform and represents a milestone in the integration of the Union. Adopting the European Semester as of next year is also a very positive step, though it involves a lot more than just arranging an operations schedule: it requires substantial content and a parliamentary dimension. Greater reform of economic governance is called for. It is required to mobilise the underused economic growth capacity and to build the social and economic Union we need. We also need a coherent, robust and credible European prevention, management and crisis resolution system. It has to be compatible with economic recovery, foresee moral hazards, bear in mind the rest of the financial reform burdens and avoid distortions in the internal market sphere. We have to coordinate internally in order to be able to bring it before the G20. I am finishing. As regards the financial transaction tax, we are awaiting a communication from the Commission that may also take into account a tax on financial activities. What is at stake here is the fight against volatility, a fair distribution of the financial burden, alleviating the impact of the crisis on public finances, establishing new resources for the European Union and contributing to the Millennium Development Goals. If we want to be a global player, we cannot act separately."@en1
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