Welcome Edward to a Committee which you know very well for having been a member in the previous mandate. A main problem in generating higher rates of economic growth in the eurozone remains the low level of investment, both public and private. Actually, as much private investment rides piggyback on public investment, low levels of
All of us here are in democratic politics. Which means that the ultimate test of what we try to achieve happens when people vote in elections or referenda. The thrust of what we have been saying here and elsewhere up to now is that we need more of the same, in application of SGP rules
I want to ask one question….we are working within a framework that was really modeled on the experience and events of the early 90s. Does not the rapporteur think that we should have a more critical approach on this basis? Do the standards..economic, social, financial of the early 90s still fit the realities of today?
In your plans for 2017, you are prioritising the preparation of an internal benchmarking exercise of all resolution plans in order to enhance coherence. You also attach importance to the harmonisation of national laws to help improve resolution readiness, and you say that there is significant scope for such harmonisation. Would you agree that there
In recent years, not only has the EU objective to close the economic gap between Northern and Southern countries failed, but this gap is ever widening. Thus, in northern countries, we observe budgetary surpluses, a strong welfare state, and almost zero unemployment and poverty, whereas, in southern countries, we observe excessive government deficits and debt,
The Eurosystem has been able to avoid double regulation while refraining from introducing specific oversight requirements for correspondent banks by relying on banking supervision at various levels (European, global and national). This aims to ensure that risks are consistently and uniformly covered in the euro area. However, within the last years, correspondent banks have terminated