Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-079"

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"Madam President, today is indeed a day on which another stone has been laid in the House of Europe. It is a good day, and it proves false all of the claims that, following the financial crisis, nothing would happen. It also proves wrong all those who believe that a new phase of renationalisation is now starting. Instead, Europe is drawing the necessary conclusions. However, it must be made quite clear that this financial market legislation naturally still contains things that must now continue to happen. Parliament has achieved and secured something important. This has already been mentioned. We succeeded because the various forces here in this House worked together and, in so doing, resisted the attempts by many Member States not to take heed of the lessons that can be learned from the crisis. Some important questions still remain unanswered, for example: how many members of staff will these authorities be given? What would be the point of having these authorities with these new competences if they are not provided with sufficient staff and an adequate budget? What we have heard in this regard is still not clear; we need to work together on this. The next question is: what is going to happen as regards the president of this financial market authority? This is another area where we need to ensure that the right people are appointed. For us as the Group of the Greens/European Free Alliance, an important step was our desire finally to have transparency with regard to the relevant accounting requirements of the large transnational undertakings. In this regard, the Commission has, thankfully, now announced that there will be a communication with regard to the country-by-country reporting. We look forward to this. In this connection, we also look forward to working together. At long last, we have a joint declaration from four coordinators in the Committee on Economic and Monetary Affairs to the effect that we want the market infrastructures and also the central counterparties to be placed under direct European supervision. There is still more to be argued out here in this regard. I hope that, on the issue of economic governance, we will get the same level of coherence here in this House as we did on this issue of supervision. Otherwise, Parliament will lose its influence on these issues. We must not allow any re-ideologisation of the debate in this regard. If we do, then the Council will, unfortunately, not take sound decisions according to the Community method."@en1

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