Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-234-000"

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"en.20121120.28.2-234-000"2
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"Madam President, I voted against this report. Never before have the European Union and its institutions been so powerful, and never before have both the European Union and the institutions of the Union been so unpopular amongst the citizens of the individual Member States. One of the reasons for this can also be found in this report. I would like to cite just a few examples from a whole list of such reasons. Citizens were promised that they would not have to foot the bill for this financial crisis, but that the private sector would pay. Precisely the opposite is being proposed here: a new fiscal socialism. There are calls for a banking union. That is nothing less than an admission of helplessness. Instead of a union of citizens we are now creating a union of banks. Citizens are increasingly getting the feeling that this Union is only there for the banks and no longer for them. This is a new form of a Commission- or Council-led Europe that is becoming entirely detached from and moving away from its citizens. The banking union is only covering up the problem that to date we have still not been able to get the financial crisis under control. This banking union lies outside the European legal system. It is based only on a Council decision that actually even conflicts with the European Stability Mechanism Treaty. I could provide a whole list of such examples. There is no option but to reject this report."@en1
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