Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-543"

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"en.20101020.21.3-543"2
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"The economic, financial and social crisis has shown the limits of the European model of economic governance. That is why we need an agreement at the next European Council on economic governance and on the Stability Pact. There is an urgent need to adopt reforms that will enable us to take a big step forward in quality terms with respect to economic governance and to introduce transparent and targeted supervision instruments. I am in favour of Mr Feio’s report because it supports the Commission’s proposal, which, to my mind, is a balanced compromise proposal. I am in favour of greater parliamentary involvement in the Union’s economic governance and of the centralisation at European level of the exclusive supervision powers of the major cross-border financial institutions. I also think it would be useful to provide the Union with its own financial resources in order to help it plan its actions and activities."@en1

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