7
May
2025
Watch
Banking Union – annual report 2024 (debate)
Madam President, dear people of Europe, when Donald Trump decided to slap new tariffs on clean tech imports again, it reminded us of one simple truth: the world doesn't wait for Europe to finish its homework. While American banks go ahead, backed by one unified system, European banks are still stuck in 27 national frameworks, 27 rulebooks, 27 different risks. It's no surprise that our capital leaves Europe. A real banking union means three things: a joint deposit guarantee so citizens trust their money is safe no matter what; a smarter supervisory mechanism that lets us act fast and together; and harmonised financial market. Because otherwise we might as well put 100 % tariffs on ourselves. Let's finish the banking union before the next crisis finishes us!