No Single Supervisory Mechanism until an agreement is reached with the ECB
The European Parliament voted today on the deal reached with Council last March on a Single Supervisory Mechanism (SSM), the first building block of the Banking union. The Parliament though decided to hold the final vote adopting...
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Main lesson from Cyprus is our need for a definitive EU bank resolution fund
The European Parliament debated today the financial and economic situation in Cyprus following the EU rescue plan which has been badly handled and showed once again a lack of coherence and vision at EU level.
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Merkel and Schäuble are condemning the Eurozone to death by a thousand cuts
After more than four years of sustained financial crisis and ad hoc policy measures, the Cypriot experience has demonstrated just how fragile and unstable the current foundations of the Euro are.
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Europe cannot wait for another Cyprus before establishing a common resolution fund
Guy Verhofstadt today called on the European Commission to speed up its preparation of a legislative proposal establishing a common European bank resolution fund as soon as possible in light of the experiences in dealing with the...
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Cyprus: ALDE calls for ECB, EBA and ESRB to give explanations to the EP
In line with their request for an urgent meeting with the Eurogroup President, Mr Dijsselbloem, on the Cyprus crisis, the President of the ALDE Group Guy Verhofstadt and Sylvie Goulard, ALDE Coordinator in the ECON committee,...
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Urgent ECON hearing with Dijsselbloem called for by ALDE Group
The President of the ALDE Group Guy Verhofstadt and Sylvie Goulard, ALDE Coordinator on the ECON committee has called for a urgent meeting of the ECON committee in order to hear Mr Dijsselbloem.
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Verhofstadt on Cyprus: European Commission has to speed up legislative proposals on European resolution fund and deposit guarantee scheme
Guy Verhofstadt, President of the ALDE Group in the European Parliament, takes note of the agreement reached last night between the Cypriot Government and the Eurogroup, in particular of the fact that ordinary deposits under 100...
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Cyprus Bail-out deal a disaster for EU rules and single market
Sharon Bowles, Chair of the European Parliaments Economic and Monetary Affairs Committee said she is appalled by the Cyprus bailout which includes bailing-in some guaranteed deposits i.e. swapping them for shares.
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Cyprus bailout terms should be debated by full Parliament on Wednesday
Guy Verhofstadt, President ALDE Group in the European Parliament, today reacted strongly against the proposed terms for the Cypriot adjustment programme, following the terms agreed early on Saturday morning between the Cypriot...
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Guy Verhofstadt today warns EU leaders against complacency over Eurozone economy
"The European Council summit this week should not be complacent. The immediate pressure of the bond markets may have abated but the eurozone crisis is not yet out of the woods."
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