Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-096-000"

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"Mr President, the October Council decided on a timetable for the implementation of June’s decisions. The banking union will therefore see the light of day in 2014. It will allow us to supervise 6 000 banks in the euro area. It will guarantee deposits and be responsible for resolving banking crises. This will prevent the taxpayers from having to pay the price once again, because the citizens, and workers in particular, are not the culprits responsible for the crisis; the real criminals are the greedy financiers. They have taken the role of police, accusing the citizens of always wanting too many social elements. However, the social pillar is exactly what is missing from your interim road map, Mr Van Rompuy; that and the democratic pillar. As a result, many of our citizens are becoming more Eurosceptic today. The members of the EP’s Committee on Economic and Monetary Affairs affirmed in the Thyssen report that there cannot be genuine economic and monetary union without democracy and without a social pact. The European Parliament must have its say at each stage of the European Semester. It must be able to discuss the troika’s decisions. It must be involved in the European Stability Mechanism governance structure. Finally, budgetary discipline must, in each Member State, be accompanied by a substantial European budgetary capacity in order to deal with asymmetric shocks, as you say yourself, Mr Van Rompuy. However, this counter-cyclical fund must be financed using new, sustainable resources, and it must be managed under the Community method in order to prevent the collapse of the Union. Ladies and gentlemen, many of us agree that there cannot be a successful federal transition without solidarity, without social progress and without democratic progress. That is the message that our Parliament and its President must spread in the ongoing debate."@en1
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