This is an attempt to make a truly pan-European proposal, coming from Budapest. Most large European banks, including large Irish bank, operate in Europe, so we need a European Financial Supervisory Agency to effectively supervise them. Banks with subsidiaries or branches in other EU countries or outside the EU would need a European b

In the current economic crisis, and with 78 million people at risk of poverty in the EU, it is more important than ever that the EU in its Member States demonstrate a clear commitment that the social needs and rights of people are not subservient to needs of the economy.