Members

 

Members

Roberto GUALTIERI Chair Group of the Progressive Alliance of Socialists and Democrats in the European Parliament Italy Partito Democratico
 
Markus FERBER Vice-Chair Group of the European People's Party (Christian Democrats) Germany Christlich-Soziale Union in Bayern e.V.
 
Peter SIMON Vice-Chair Group of the Progressive Alliance of Socialists and Democrats in the European Parliament Germany Sozialdemokratische Partei Deutschlands
 
Johan VAN OVERTVELDT Vice-Chair European Conservatives and Reformists Group Belgium Nieuw-Vlaamse Alliantie
 
Marianne THYSSEN Vice-Chair Group of the European People's Party (Christian Democrats) Belgium Christen-Democratisch & Vlaams
 
Gerolf ANNEMANS Member Non-attached Members Belgium Vlaams Belang
 
Burkhard BALZ Member Group of the European People's Party (Christian Democrats) Germany Christlich Demokratische Union Deutschlands
 
Hugues BAYET Member Group of the Progressive Alliance of Socialists and Democrats in the European Parliament Belgium Parti Socialiste
 
Pervenche BERÈS Member Group of the Progressive Alliance of Socialists and Democrats in the European Parliament France Parti socialiste
 
Udo BULLMANN Member Group of the Progressive Alliance of Socialists and Democrats in the European Parliament Germany Sozialdemokratische Partei Deutschlands
 
 
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Welcome words
 
 

Welcome to the Committee on Economic and Monetary Affairs (ECON). The Committee is responsible for Economic and monetary Union (EMU), the regulation of financial services, the free movement of capital and payments, taxation and competition policies, and the international financial system.
The 7th legislature was marked by the most serious economic, financial and social crisis of recent times. The ECON Committee played a decisive role in the adoption of legislation responding to the crisis and took on an increased workload of scrutiny and reports. Consequently the Parliament decided to enlarge the Committee from 50 to 61 Members.
Our top priority today is growth and jobs. Stability, the promotion of investment, reform and social cohesion must be mutually reinforcing. ECON will promote a serious debate on this agenda.
I am convinced that we must move now towards a genuine EMU with an effective economic government, accountable to Parliament.
We need to complete key legislation on banking reform, financial crime and promoting investment in long-term growth-related projects.
We also have to ensure that the new regulatory framework is properly implemented and reviewed, and will monitor closely the Commission and the European Supervisory Authorities. A well regulated and functioning capital market is key to growth.
Finally, the Committee will join the efforts to strengthen democratic legitimacy on the basis of the Community method. A deep and genuine EMU must be a democratic EMU. The Committee will therefore strengthen its cooperation with National Parliaments.