Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-099"
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"en.20100922.4.3-099"2
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"We cannot allow European citizens to pay the price for the failure of a banking system which, until now, has done anything but safeguard their rights. We also cannot allow our economic system to buckle under the weight of reckless access to credit.
My colleagues from the Committee on Budgets and I have ensured that the rules governing the functioning and funding of the new monitoring and financial supervisory authorities are appropriate and balanced, in line with a European budgetary policy that must take into account the difficulties that all the Member States are facing. On the other hand, these difficulties would be much worse if the EU did not bear the burden of preventing another crisis similar to the one we are still experiencing today.
The beneficial impact of each new agency will balance out, more than proportionally, the costs which must be borne for their initial creation and their subsequent functioning. The European Parliament and the Group of the European People’s Party (Christian Democrats), which led the negotiations brilliantly, reaching an historic agreement with the Council, will both represent the spirit of a change which, for taxpayers, will mean being able to depend on a Europe that is closer, a Europe that is more prosperous, and a Europe that is safer."@en1
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