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Plenary Speech on Proposals for a European Banking Union

Gunnar Hökmark (PPE). Mr President, I think it is important that we achieve better supervision and better implementation and also that we can secure the stability of European banks. I think we should be pragmatic and decisive in trying to achieve that.

However, I would like to underline – and I know the Commissioner does not take a different view – that when we proceed we must ensure we do not create new unions within the Union, because that would lead to fragmentation which would be contrary to what we want: namely, better supervision and greater stability.

So I would like to emphasise to you, Mr Commissioner, that we have one Union, and that is the one we shall develop.