Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-18-Speech-2-081-000"

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"Mr President, I am not going to emphasise what has already been said. The Belgian Presidency has been excellent. I would like to mention two highlights: financial supervision and the European Semester. Regarding these highlights, I would like to say what has been done and, most importantly, what needs to be done. In terms of financial supervision, in the space of 48 hours, the Minister, Mr Reynders, managed to get a dossier that was in deadlock moving, and we were able to give the Council and the Commission what the Commission had asked of us: European authorities that could begin operating on 1 January 2011: strong, authentically European authorities with clout. What happened next is not very reassuring. We still do not have presidents for the authorities; we have an extraordinarily small budget and I am told that the rewards for those who are going to hold positions in these authorities are not brilliant. They are, of course, much less brilliant than the bonuses received by bankers in London. There are two matters that still need to be dealt with: the regulation of the systemic bodies, and contributions and taxes on banking. In the regulation of systemic bodies, we want the European authority to be responsible for supervision, through the national authorities, which, in this case, would act as agents and would be subject to the instructions of the European authority. The alternative would not make sense. In terms of taxation, the most recent offering from Commissioner Šemeta sets out all the possible taxes for banks. Parliament has already adopted two contributions: the contribution to the coordinated guarantee funds and the contribution to the banking stability funds. This is a fact, and next we will be able to discuss the tax on banking or taxes on banking transactions, because, I stress, the rest is a fact. In terms of the European Semester, the only thing that we want is to coordinate with everything: with Eurobonds, with project bonds, with the mechanism, etc. …"@en1
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