Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-309-875"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-09-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20120913.29.4-309-875"2
lpv:hasSubsequent	lp_eu:2012-09-13-Speech-4-309-7502
lpv:speaker	lp:Corina Crețu2
lpv:spokenAs	substitute; Delegation for relations with Israel (2009-09-16--2014-06-30)3 vice-chair; S&D (2012-06-07--2014-06-30)3 unknown; Partidul Social Democrat (2009-07-14--2014-06-30)3 vice-chair; DEVE (2012-01-23--2014-06-30)3 member; Delegation for relations with the United States (2009-09-16--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3
lpv:translated text	"Banking union is the most ambitious solution devised so far in relation to the debt crisis and risks relating to the banking system. However, there are a number of risks which need to be taken into account. There are serious warnings about the risk of a banking union putting banks in Eastern Europe with local capital at a disadvantage when facing unfair competition from the big banks in the euro area. It also seems that the decision-making body will be made up only of representatives from euro area Member States. There is the problem, for instance, in the event of a major risk, of a decision being made to withdraw capital from the branches in Eastern Europe to stabilise the parent banks in the euro area. I endorse this project, provided that the position of the countries outside the euro area is regulated fairly when decisions made at banking union level will affect all 27 Member States."@en1

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