Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-310-500"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120913.29.4-310-500"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Over recent months, various European leaders, starting with Mr Barroso, the President of the Commission, have drawn attention to the need to urgently advance towards a strengthened economic and monetary union, on the path of an already enshrined economic and monetary union. Now, Mr Barroso is moving forward with a new proposal: the creation of a European banking union aimed not only at euro area countries, but which also cooperates with countries outside the euro area that want to join. The soundness of the euro implies the existence of supervision at EU level which is guaranteed by this new legislative framework and carried out by the European Central Bank. As such, citizens’ savings would be guaranteed and, if a financial institution fails, it would not be taxpayers who pay the price, as currently occurs. I voted for this proposal, as it responds to the main challenges that the euro area is facing: breaking the link between the banking sector and sovereign debt and creating a single, effective European monitoring mechanism which will support the Member States. There will be a single book on the banking sector, which must be applied to the 27 Member States."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples