Ideas on EU economic and monetary union still vague, says Rutte
Friday 19 October 2012
Proposals from EU president Herman Van Rompuy to strengthen European economic and monetary union are still ‘very vague’, prime minister Mark Rutte said at the end of the first day of the Brussels summit.
Van Rompuy's ideas, particularly those on a single budget, were not made sharper or fleshed out with more detail, Rutte said after the meeting.
EU leaders did agree to set up a single eurozone banking supervisor – which is a major step towards a banking union. The legislative framework should be drawn up from January 1, and work will start later in the year, EU leaders agreed.
The deal is an ‘uneasy compromise between the French and the Germans and much wrangling lies ahead’, the BBC reported. The Netherlands had sided with Germany in saying national budget discipline should be the priority.
'We are not going to rush this through,' Rutte said. 'This is a very big step for the community.'
Do you support the setting up of a single banking supervisory body? Have your say using the comment box below.
Hi,
I hope your prime minister remembers before the election, “no more money for Greece”. If not I suggest you change your election day to the 1 st of April.
By Terence Hale | 19 October 2012 11:13 AM
Creating new Soviet Union just larger and with massive administration. It will be bad, large companies will leave 100%. Small will lose most of money in new re-calculations. Think of NL 1999 and these days misery. EU needs just Stalin to top all.
By Wendy | 19 October 2012 2:59 PM
No, I don't support a single banking sysstem. I still do not understand way the French and the Germans have the say as to what everone else has to do or agree with. The EU countries are loosing their individually.
By dee | 19 October 2012 4:45 PM
Did people already have forgotten the role of the Dutch national Bank in the Iceland Case? Do people who have negative comments about this EU-controlling prefer the false arguments for remaining silent by the national bank just to "save" the position of ABN-AMRO etc and making things still worse?
By René Caderius van Veen | 19 October 2012 7:15 PM
We already have that, its called the Federal Reserve, an elite banking cartel that knows nothing about the word 'audit'..
Who on earth would want to see another bank like this, The EU FED BANK?
The larger the bank, the higher & more chance for corruption & control of our lives.
Who would benefit from another Fed Reserve, us?
By The visitor | 20 October 2012 2:16 AM
Most political parties in the Netherlands are pro-Europe with few exceptions like Wilders' PVV. In other words, they seem to have a desire to loose their sovereignty to the unelected troika in Brussels. But maybe this goes deeper because, as is common knowledge, Europe is a puppet of the United States, a lackey who does their bidding.
Hi,
By Terence Hale | 19 October 2012 11:13 AMI hope your prime minister remembers before the election, “no more money for Greece”. If not I suggest you change your election day to the 1 st of April.
Creating new Soviet Union just larger and with massive administration. It will be bad, large companies will leave 100%. Small will lose most of money in new re-calculations. Think of NL 1999 and these days misery. EU needs just Stalin to top all.
By Wendy | 19 October 2012 2:59 PMNo, I don't support a single banking sysstem. I still do not understand way the French and the Germans have the say as to what everone else has to do or agree with. The EU countries are loosing their individually.
By dee | 19 October 2012 4:45 PMDid people already have forgotten the role of the Dutch national Bank in the Iceland Case? Do people who have negative comments about this EU-controlling prefer the false arguments for remaining silent by the national bank just to "save" the position of ABN-AMRO etc and making things still worse?
By René Caderius van Veen | 19 October 2012 7:15 PMWe already have that, its called the Federal Reserve, an elite banking cartel that knows nothing about the word 'audit'..
Who on earth would want to see another bank like this, The EU FED BANK?
The larger the bank, the higher & more chance for corruption & control of our lives.
Who would benefit from another Fed Reserve, us?
By The visitor | 20 October 2012 2:16 AMMost political parties in the Netherlands are pro-Europe with few exceptions like Wilders' PVV. In other words, they seem to have a desire to loose their sovereignty to the unelected troika in Brussels. But maybe this goes deeper because, as is common knowledge, Europe is a puppet of the United States, a lackey who does their bidding.
By Carax | 20 October 2012 2:28 PM