ENGLISH

Politics: EU Commissioner urges Greek MPs to "win back citizens" trust

Δημοσίευση 15 Ιανουαρίου 2011, 12:17 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Politics: EU Commissioner urges Greek MPs to "win back citizens" trust
Facebook Twitter Whatsapp

European politicians have to win back their citizens' trust, European Commissioner for internal markets and services Michel Barnier told Greek MPs in the Greek Parliament on Friday. Barnier was speaking during a joint session of the Parliamentary committees for economic affairs, Production and Trade and European affairs.

European politicians have to win back their citizens' trust, European Commissioner for internal markets and services Michel Barnier told Greek MPs in the Greek Parliament on Friday. Barnier was speaking during a joint session of the Parliamentary committees for economic affairs, Production and Trade and European affairs.

"You must not sacrifice the future for the present. You must explain to the citizens that the efforts they are making protect the future," he stressed.

Barnier noted that there was discontent targeting Brussels among the general public but stressed that the answer lay in more Europe, not less, if European countries were to be protagonists and not spectators of events.

"This is a vital necessity. Otherwise we will be sub-contractors under the influence of others and I do not want this for Greece or for France," he added.

According to the Commissioner, the last 15 years had seen Europe adopt a system that was a "caricature of liberalism" and he stressed the need for transparency and greater regulation. He said he was determined to implement the G20 Road Map and ensure that no financial product was able to slip past the rules.

Barnier pointed out that the Commission had set up three new supervising authorities in the last month that would act as a 'radar' for Europe's financial institutions.
The Commissioner also spoke about the need for economic governance through the establishment of permanent tools that allowed prompt decisions.

Barnier said the Commission had 50 proposals for the operation and growth of the EU's internal market, a market of 500 million consumers and 20 million businesses. He stressed that every citizen, every business and every speck of land was necessary for the growth of Europe and the operation of a "Social Market Economy".

In reply to questions put by MPs, he said the proposal for a Eurobond was an "interesting idea" but urged Greek politicians to put more emphasis on the idea of project bonds. Concerning credit rating agencies, he said that there had to be improvements on issues of transparency, accountability and greater competition and said that the first decisions in this direction had already been taken.

At the same time, he noted that "the thermometer is not responsible for the fever".
About banks, he urged all sides to give credit to the European Central Bank for fulfilling its role so well and admitted that some banks had made mistakes. At the same time, he stressed that without banks there could be no funding.Finally, he noted that the economy had to take climate change into account.