Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-086-000"
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"en.20120703.5.2-086-000"2
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"Mr President, I would like to say a couple of words about the questions that have been put to me.
First of all, about the report on the deepening of the Economic and Monetary Union. We will be coming up with a report on this in October and December. It is my intention to talk in October mainly about what can be implemented from the existing treaties. In that sense, it is not really an interim report. It is interim because it is a stepping stone to possible treaty changes. However, it is important in itself because what we can do within the framework of existing treaties can, in itself, be valuable.
We need to discuss with the President of Parliament how we can organise cooperation between Parliament and those who are responsible for drawing up the report, that is, the Presidents of the four European institutions. We will be getting in touch with them about that soon. It goes without saying that I am ready, as we have done in the past – I am talking about the report on the task force – to cooperate intensively with Parliament on that.
If I have talked about there being a breakthrough, I did so in
specific sense, and I usually express what I want to say quite carefully, even if I am quoted wrongly afterwards. That does not mean, though, that I am going to correct every wrong quote; I am not going to take up my time with that. If I spoke of a breakthrough, what I was referring to was the fact that we can agree on single banking supervision, that we have decided that we can agree on single banking supervision in the context of the recapitalisation of banks in a direct way through the European Stability Fund.
Therefore, I consider such a breakthrough towards a single watchdog as one of the Council’s main achievements last Thursday and Friday. At the same time, this is the first stage of implementation, if I may say so, of the report that the President of the Commission, I and two other colleagues have put forward in connection with the deepening of economic and monetary union. Thus, we can talk of a breakthrough in that specific sense.
With regard to the decisions made by the Council and the summit about the euro area, well, these decisions are always taken unanimously. There can be no decisions other than unanimous ones. That is, unfortunately, the kind of decision making we have – some find that a pity, others a good thing. We have taken decisions unanimously. I assume that these decisions, too, will be respected. These are times of responsibility. We are going through a very deep crisis that has dragged on for a long time and that we are trying to overcome step by step. Everyone, each member of the Council, each country must take its responsibility, especially when it comes to the implementation of decisions taken unanimously. Fortunately, on one specific point, the new emergency fund, the ESM, provides, in such a decision-making procedure, that no single country or, in some cases, even a group of countries, can alone block decisions.
In any case, I would like to thank you for the debate we have had in the sense that we have, unlike on other occasions, effectively said on a number of points that we have made progress. The major work remains still to be done when it comes to the deepening of the Economic and Monetary Union. However, I understand that a very strong agreement is possible on the big picture, the building blocks, at least between those who have written the report and Parliament.
You know, however, that we live in a Community, in a Union of 27. We must all reach agreement on this. That requires effort and also implies that a step-by-step approach is the only possible way to get ahead, whether we like it or not. As I have said, though, I consider the most recent Council meeting last Thursday and Friday as a step forward in the right direction. I wish to thank all of you who have confirmed that."@en1
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