Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-22-Speech-3-337-718"
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"en.20130522.24.3-337-718"2
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"In June 2012, the European Council, at last, recognised the need to separate banking and sovereign debt. Giving practical effect to this decision in effect means creating a European banking union, a key component of which is a single supervisory mechanism (SSM) for banks. I welcome the progress that has been made by Parliament this week towards an SSM. We need to put Europe’s banks on a sound footing so that they can do what they were always meant to do – serve the needs of the real economy and support growth and jobs. We also need to ensure that the appalling mistakes of the past are not repeated and, crucially, that taxpayers would be fully protected from any future banking crisis. I particularly welcome the emphasis being placed in this resolution on proper democratic accountability and transparency. I want to see Parliament and the Council reach agreement on this issue over the coming months and then see progress towards a European bank resolution framework, including a Single European Resolution Fund and a European deposit guarantee schemes mechanism."@en1
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