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@EP_Economics

European Parliament Committee on Economic and Monetary Affairs. Managed by Ron Korver & Hyun-Sung Khang. RTs ≠ endorsement.

Brussels/Strasbourg
Tilmeldt november 2012

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  1. . lawmakers urge further EU-US cooperation on financial regulation:

  2. economic dialogue with , ECOFIN President and Finance Minister of the Slovak Republic

  3. Coming up: hearings with , 's Elke König, 's . Listen live:

  4. . OKs revised text agreed with Council and on by 47 votes to 4

  5. . adopted regulation report by 45/7/5 vote next, then negotiations

  6. The joint meeting on fiscal capacity has now finished. Live tweeting stops here. Have a nice evening!

  7. . The does not write a report for the sake of writing it! Rules must be followed for confidence to return.

  8. . "No looming bank crisis in , only problem with . Numbers floating around are nonsense. Few banks need to be dealt with

  9. We went from convergence through structural funds in 90s to neoliberal era in 2000s & now money goes from poor to rich states

  10. .: Big elephant in room is difference between surplus/deficit countries. Surplus countries have to do their bit as well.

  11. .: Fiscal capacity is ambitious project, & we need those. But we should find common ground, step-by-step, avoid treaty change

  12. . Any instrument such as fiscal capacity needs strong rules and must be adhered to. Solidarity = rights AND obligations.

  13. .: first we should agree on need fiscal capacity, then specific role/function, then its financing. I'm open to debt financing.

  14. Gerolf from criticized that after "we sit here as if nothing had happened and discuss the same old abstract ideas".

Indlæsning ser ud til at tage noget tid.

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