Rather than focusing on what we need for a better functioning of EMU, I will stress today why and how parliamentary involvement can enhance the legitimacy of economic decisions at national and European level and make them more consistent with participation in a single currency. Answering EU citizens’ legitimacy concerns Our Union is founded on the value of democracy.
In addition to the Basel I ANPR, the U.S. banking agencies issued within the past two weeks a statement about the plans for Basel II implementation in the United States.