Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-738-000"

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"en.20110510.68.2-738-000"2
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"Mr President, the fact that the previous stress tests were not credible makes carrying out the next tests complicated. The crisis in Ireland has altered the new data in the European banking system considerably. In this context, future tests must be much more precise in terms of providing information. The national authorities must apply the action plans already. This would therefore resolve the problems from stress tests in general. We should not expect to see banks failing the test. The new tests should highlight the weaknesses of the banking system, while identifying where the capital needs to be consolidated. I should emphasise the importance of the Commission adopting a fair approach in applying the stress tests in absolutely every Member State. Finally, I also find useful the information from the Commission on the major modifications it has proposed."@en1
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