German Bundestag, June 23, 2023, Plenarprotokoll 20/113, p. 13908.
Right honorable President. Right honorable ladies and gentlemen.
Right honorable colleague Müller, we here in fact are in conformity in many things – that is good so. Yet I cannot here understand the optimism of colleague Oehl in so far as on the delegation trip – on May 31, I saw no one from the SPD there – your colleagues in the European Parliament said something entirely different.
I believe, we all here have learned, that on the altar of political desire lofty principles have quite often been sacrificed. On that account, it is good that we with you submit a motion [Drucksache 20/7355] – our motion is of course better than that of the CDU/CSU, yet not a word was mentioned. Savings accounts in fact provide for the Mittelstand and for the regional economy at hand. Yet there exists in the area – and that is good so – relatively strong, affiliated networks so that you, ladies and gentlemen in the galleries, certainly still have corresponding, interested partners on site in credit matters, yet also in other financial business.
The savings bank association, the public and Raffeisen banks as well as the cooperative banks, distinguish themselves throughout – that is little mentioned here – in that they have at their disposal paid-up deposit guaranty funds beyond that of the so-called institute guaranty system, IPS, so that in fact all deposits, ladies and gentlemen in the galleries, even the deposits not legally covered, have been insured, and that is a distinct difference to many other European financial centers.
The EU Commission now puts forward the so-called CMDI statutory initiative with which they pursue many sub-topics. In the system proposed by the statutory initiative, it would thereby lead to that there would be an accelerated liquidation [beschleunigte Abwicklung] of the banks – as it is now – and thereby the IPS, the institutions’ internal guaranty, would no longer take effect, ladies and gentlemen. We therefore demand of you, like the banking associations – the Italian, the Polish and also the Spanish associations do so – to take up a clear positioning so as to maintain this functional capability.
Right honorable colleagues of the CDU, well meant – and what you pass over in silence here – is frequently badly done, especially when it comes from the Commission. The question thus presents itself, how well is meant the financial center of Germany by the Commission President by the name of Frau von der Leyen who comes from the CDU? It was also mentioned in this place; since by means of the existing proposal – I have plainly said it – the well-earned strengths of our guaranty network, certainly for the small and mid-sized banks and at the cost of the regional financial economic stability – it needs be said so brutally – would be flattened to a European level [europäisch eingeebnet], ladies and gentlemen.
Here one may in fact – in so far as both our motions are reasonable – overhear that the EU Commission directly and obtrusively points to that, even if the statutory proposal does not contain it, it is held to be urgently necessary and considered as a best solution, that the deposit guaranty funds, which plainly by all standards have been well fulfilled, which for our savers and investors is good, are to be communitarized [zu vergemeinschaften] and thereby is finally to be completed the banking union. In this purpose, ladies and gentlemen of the debts coalition, you are now for once united, and you should show your colors.
To communitarize the deposit guaranty system at this moment, as is gladly desired by the Commission, – permit the comparison – would be like enrolling in a fire insurance which is on the brink of bankruptcy – for some states, that is certainly so – because, in regards other customers, uncontrolled smolderings already burn in the balances and the central fire department – here, the ECB – we have again and again spoken of the European Budget Authority’s report – refuses to introduce measures to extinguish.
Filiz Polat
(Greens): How can one as a Social Democrat change to the AfD?
That is of course concretely the other background why we need to speak of this motion.
Vice-president Katrin Göring-Eckardt: Come please to an end.
I come to a conclusion. The AfD delegation therefore demands of Federal Finance Minister Christian Lindner – he is unfortunately not here – to let acts follow his words and to secure the functional capability of the IPS
Vice-president
Katrin Göring-Eckardt: Herr colleague.
and to prevent the communitarization of the deposit guaranty funds.
Many thanks.
[trans: tem]
