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10 September 2012

ECON(欧州議会の経済通貨委員会):銀行同盟への道はまだ紆余曲折あり


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The envisaged banking union must be ambitious. The EU Member States' current preferences for its establishment risk sending the wrong message, as well as perpetuating inefficiencies, warned the Economic and Monetary Affairs Committee in a resolution voted on Monday.


At last! But not the right approach

The resolution welcomes the fact that EU countries have now accepted that an integrated bank supervision system is necessary, more than two years after the European Parliament itself called for this. However, it sounds the alarm about governments' apparent intention to avoid developing a system that is transparent and democratically accountable. 

Member States, the resolution says, are moreover pre-empting the Commission's role as initiator of legislation by imposing a decision-making process which would exclude the European Parliament from deciding on one of the texts. The committee stands ready to adopt negotiating tactics to counter this, the resolution adds.

Points to consider

The resolution also highlights certain points of substance which should be considered within the debate to enact a banking union. One of the more important ones concerns bank recapitalisations which, the resolution suggests, could be carried out by the European Strability Mechanism (ESM).  A second is the need to devise a system which will be able to address any spill over effects on non-eurozone members stemming from the creation of a eurozone banking union.

Next steps this week

The resolution will be put to the plenary on Thursday.  On Wednesday at 15:00, the house will also question the Commissioner responsible, Michel Barnier, about his proposal.

Press release



© European Parliament


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