Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-094"
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"en.20100922.4.3-094"2
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"Madam President, in my opinion, the compromise negotiated today represents a milestone in the continuing development of Europe-wide financial supervision. This joint success was made possible in particular by the constructive way the negotiations were conducted by the Council Presidency and by the cooperation of the Member States, which had previously drawn red lines, indeed, dark red lines, in this regard. We have not just created a toothless tiger, but agencies that are also able to bite at the crucial moment. In crucial situations in future, there is to be no more bickering among the national supervisory authorities over powers, but a clear, binding statement from a European authority. Finally, in emergencies, the decisions will, in future, be taken by European institutions. That means more responsibility.
What seems to me to be of particular importance is also the fact that the European Systemic Risk Board will be chaired by the President of the European Central Bank. With regard to the content-related points that have already been mentioned, I agree with the rapporteurs and I would like to express my thanks for the excellent cross-group teamwork."@en1
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