EURACTIV PR

An easy way of publishing your relevant EU press releases.

A decent victory… but crucial banking revolution remains outstanding

Date

16 Apr 2013

Sections

EU Priorities 2020
Euro & Finance

 

"These reforms represent a significant step but they're not the revolution the financial sector badly needs," said GUE/NGL MEP Jürgen Klute ahead of today's European Parliament vote on the banking reform package.

"This is a major step forward in terms of the stabilisation and reconstitution of the banking sector in the EU," Klute said of the package that is set to cap bankers' bonuses from next year on and increase bank capital reserves.

"We support the fact that it has been possible to have a differentiated banking sector and that cooperative and savings banks - which have proved stable throughout the crisis - are defended."

"Nevertheless, crucial measures that should have limited the indebtedness of banks have been postponed. On leverage ratios we would have liked them to be introduced earlier," he said, setting out the group's intention to continue pushing this key issue. "The way to recovery is a long way off," he concluded.

The vote will take place between 12.00 - 14.00 today in Strasbourg.

 

 

GUE/NGL Press Contacts:
David Lundy +32 470 85 05 09
Gay Kavanagh +32 473 84 23 20
European United Left / Nordic Green Left
European Parliamentary Group
 

 

 

Jobs

EASO - European Asylum Support Office
Senior ICT Officer
EASO - European Asylum Support Office
HQ Security Officer
Collectif Stratégies Alimentaire (CSA)
2 Chargé(e) de projets
Sport and Citizenship Think tank
EU Policy Officer
European Institute of Peace
Policy and Communications Internship
Association négaWatt
Chargé d'études énergie et climat