Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-191-000"

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"en.20120913.29.4-191-000"2
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"Mr President, yesterday’s speech by Mr Barroso, along with our work on the draft resolution, constitute approval for plans to create a banking union. In fact, the crisis in the euro area is speeding up this process. However the presentation of the resolution and the legal basis to which reference was made indicate that this is meant only for members of the euro area. All European Union Member States should, of course, have the right, if they want, to join this banking union. After all, there is 90% external capital in Hungarian banks and about 70% in Polish banks, which includes funds from banks in European Union Member States. The proposal concerning closer cooperation for countries that are outside the euro area constitutes a second category of membership in the banking union, with obligations but without the possibility of influencing decisions, with serious consequences for the country concerned and for savings, deposits, guarantees for these deposits and any rescue funds. This is a direct path to a two-speed European Union, and we would not want to agree to this."@en1
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