- MEPs statements
Lieu: Brussels, Belgium - Council/Justus Lipsius
End production: 29/06/2012 First transmission: 29/06/2012
Euro zone leaders have agreed to take emergency action to bring down Italy's and Spain's spiralling borrowing costs and to create a single supervisory body for euro zone banks by the end of this year, a first step towards a European banking union.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior shot of the Council.
||SOUNDBITE (English) Guy VERHOFSTADT (ALDE, BE) : “ I think there were a number of positive decisions yesterday night, certainly the single supervisor for banks, that was a proposal of the European Parliament already two years ago, so I am pleased that the member states finally agreed with our proposal. Secondly the growth package is positive, and thirdly also the enlargement of the tasks of the rescue fund, the fact that the rescue funds can re-capitalise banks, can help banks and can buy bonds of countries in difficulties. That said, I hope that we don’t repeat the error we did last year, when we also ‘bought some time’, that is what we are mainly doing, we are ‘buying time’, two three months, and we have in the meanwhile to find an agreement on a structural solution to this crisis. The euro-crisis is not over with these decisions, we need to establish an economic fiscal and political union, we need to make an agreement at least on a partial mutualisation of the debt in the euro-zone and I hope that this time we don’t waste the time we bought yesterday night”.
||SOUNDBITE (English) Hannes SWOBODA (S&D, AT): “We need a minister of finance but, first of all, we need a real debate, how strong should the EU interfere in the budgetary issues on the national level. I would say yes, it is necessary, because the alternative is, either the financial markets and the rating agencies interfere, and we give sovereignty to them de facto, or we give it to the European Union, to common institutions. So for me is much better to have common institutions determining our budgetary policy, than the financial markets and the speculators”.
||SOUNDBITE (English) Rebecca HARMS (Greens-EFA, DE): “We very much appreciate as Greens the idea of such a banking union, but in s first step we would like to work on the new construction for the ESM and maybe to give the surveillance of the banking sector to the European Central Bank. Beyond this urgent action, we see that there are some medium term ideas on the table, especially in this paper of Mr Van Rompuy and others. We would like the Council to decide on a roadmap, how to continue these proposals for a deeper integration of the EU for fiscal policies and economic policies”.
||SOUNDBITE (English) Elmar BROK (EPP, DE): “I agree with the President of the EP. This European Parliament is elected for the whole of the European Union, is elected for all the legislation, and therefore all the legislation for the banking union must be done in a normal legislative process between the EP and the Council”.
||SOUNDBITE (English) Elmar BROK (EPP, DE): “I think we should strengthen the role of Lady Ashton, so she can conduct direct negotiations with the Iranian and say to them that there were not be any alibi, that the sanctions will not be lifted, and that they don’t have all the time to come to an agreement, but that we are ready for an agreement”.
||SOUNDBITE (English) Elmar BROK (EPP, DE): “For Syria, it is clear that Russia has to take its responsibility there and that also Qatar and Saudi Arabia should not support salafists and make it possible that opposition is able to find a compromise between all the minority groups and to protect the minority groups there, so that overall, all these groups together can be part of a legitimised opposition against Assad”.