Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-489-000"
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"en.20120313.21.2-489-000"2
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"Mr Cancian, continuing on from what Siim Kallas has just said, if we want to take action to achieve growth and not just talk about it, my belief is that the basic platform for this growth economy that we are seeking is clearly this vast market of 500 million consumers and 22 million businesses, which needs easier communications and fewer obstacles or divisions from an administrative, fiscal or regulatory perspective.
That is our goal with the Single Market Act and that is why, Mr Cancian, we have identified, in the 12 levers for growth, the communications and the infrastructures that we need for energy, transport and the digital sector. That is also why the time will come – very soon, I hope – when the governments will be ready to accept project bonds because the aim is clearly to invest massively, together, in communication infrastructures.
You also asked me, perhaps with reference to my responsibility, about the infrastructures of financial companies. Financial infrastructures are one of the conditions of growth. Everything that we have been doing with you for the past two years to re-establish rules, transparency, responsibility – I would also add here morals, where they had disappeared – and to get the financial services to work for the real economy and the financial infrastructures to function on sound, solid bases are also preconditions for restoring confidence.
That is precisely what we are doing now. I want to remind the European Parliament that, as I speak, we have given you virtually all of the texts needed to establish the regulation requested by the G20. Now you just need to take the democratic time to adopt these texts with the Council. I hope that in a few months, we will have clearly built this basis for sound, solid financial infrastructures in order to get the financial markets working for the real economy rather than for their own benefit."@en1
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