Welsh Conservatives in the European Parliament
Dr Kay Swinburne MEP

EU banking union sets in place the basis of a multi-speed Europe, Strasbourg, 22.05.13

An agreement reached on the EU Banking Union is a 'seminal' moment that sets in place a mechanism for a multi-speed EU, Kay Swinburne MEP said today as MEPs held a vote on a single supervisor for Eurozone banks.

MEPs today voted on a plans to create a Single Supervisory Mechanism, making the European Central Bank responsible for ensuring financial stability of most banks within the Eurozone. 

The proposals enable some countries to go ahead with greater integration as they attempt to resolve the currency crisis, whilst providing protections to ensure that those countries outside the Euro are not adversely affected. In particular, decisions made in the European Banking Authority (which sets out the rule book for banks in the EU Single Market) will be subjected to a double majority voting system that will require a simple majority of both those countries participating in the Euro, and those who do not - so that Euro countries are not able to 'caucus'.

MEPs today held a vote setting out their position on the negotiations. Although the main political issues have been agreed between the parliament and national governments, a final vote approving the measure was postponed pending a vote in the German Parliament.
Speaking in the debate ahead of today's vote, Dr Swinburne, European Conservatives and Reformists group economics spokesman, said:

"The agreement to establish the Single Supervisory Mechanism and the accompanying adjustments to the European Banking Authority are seminal.

"They set in place, within the current EU treaty, a mechanism for a multi-speed Europe.

"The Euro zone can push ahead with a more integrated system that they have agreed is necessary to support the single currency.

"Whilst those members states who are signed up to join the euro have been accommodated on a voluntary system that they can choose to join when they deem it suitable for their unique situations.

"While the rights of those outside of the euro are preserved via a new dual voting system that requires a simple majority of those participants inside the single supervisory mechanism and a separate simple majority of those member states who choose to remain outside of it.

"Most fundamentally, these two simple majority votes must come together to form one qualified majority vote over all, so that the European single market is protected.

"This agreement sets a template for exactly how a renegotiated European Union could work. A European Union that recognises that all member states are different, both economically and culturally, yet can still work together to achieve an overall outcome that everyone can be comfortable with.

"The City of London is the jewel of the single market with the financial services it provides and facilitates being not just of benefit to the UK, but to the entire EU. Ensuring continued participation within the single market, on equitable terms, that allow a global financial centre to operate is of the utmost importance to all companies and individuals within the EU. It is in no one's interest for that activity to move outside Europe."

Join Our Mailing List Get in Touch
Welsh Conservatives

The European Commission has today designated European Protected Geographical Indication (PGI) status to the well-known Pembrokeshire Early Potato from West Wales.
The Pembrokeshire Early Potato was one of only three quality farm products whose applications for PGI status were approved today.
The EU PGI schemes protect product names against misuse and under these schemes more than 1200 products are already protected.
Commenting on this announcement from the European Commission today Dr Kay Swinburne MEP – who is from West Wales - said:
"I am delighted to see that this application to have "Pembrokeshire Earlies" added to the register of PGI products has been approved by the European Commission today."

"Achieving this prestigious status is a clear acknowledgment of the high-quality and distinctive produce we continue to deliver in Wales. Pembrokeshire Early Potatoes thoroughly deserve their place alongside the well-known food and drink products from right across the EU which already feature on the PGI register."


Kay was delighted to host an event to celebrate Higher Education, Science and Innovation in Wales last night in the European Parliament.  The event builds on the British Council’s “Strategic Analysis of the Welsh Higher Education Sector, Distinctive Assets”.  A number of experts spoke to share their views of Welsh HE at the event and how it can develop in the future.

In advance of the 'Fox-Hafner Report' vote on the single seat for the European Parliament, Kay and the other UK Conservative MEPs feel it is right to draw attention to the fact that the seven-year cost of the dual-seat arrangement comes to £928,000,000. Since her election to the European Parliament in 2009, Kay has strongly supported bringing the monthly Parliamentary meetings in Strasbourg to an end and therefore saving taxpayers a considerable sum of money.


Kay was delighted to meet Malala Yousafzai, who was awarded the EU's Sakharov Human Rights Prize at the European Parliament today.

Following Malala’s speech to the European Parliament, Kay said, “What an inspirational speech Malala gave to the Members of the European Parliament today. As a mother of young children myself, I hope that they can also aspire to achieve like her. Malala is an exceptional young lady who has overcome adversity by tremendous force of character and a passionate belief in the right of everybody to enjoy and benefit from education.”   


Kay was very pleased to meet with members of the Advanced Manufacturing Research Group at the European Parliament in Brussels, one of four groups set up in key Welsh research strengths to engage with EU research funds. The delegation visiting Brussels included representatives from Cardiff University, Bangor University, Swansea University and Trinity St.Davids University.

In advance of tomorrow's European Council meeting of leaders, Dr Swinburne has echoed the recommendations made in a recent report published by a number of business leaders, which highlights the importance of removing barriers to business competitiveness in Europe and getting rid of burdensome legislation by cutting EU red tape.

Last year Dr Swinburne encouraged businesses in Wales to highlight to the European Commission which over-burdensome regulations they would like to see slashed, by writing to small businesses all over Wales and asking them to tell her their red-tape problems.

Electronic cigarettes no longer face being taken off the shelves by the EU after Conservative MEPs were successful today in amending EU legislation on tobacco labelling.

Conservative MEP's led the amendment to defeat proposals that would have classified e-cigarettes as medicinal products, meaning they would have to undergo an overly burdensome and costly authorisation procedure, which would go beyond the procedures for traditional tobacco products... (Read more under 'Articles')



Welsh Conservative MEP Kay Swinburne has been sitting down with leaders in Europe's biotech field to choose the top five candidates to compete in this year's EuropaBio Most Innovative EU Biotech SME Award.

As a member of this year's judging committee, Kay is once again supporting the EuropaBio award, which has attracted applications from all three sectors of biotechnology - healthcare, industrial and agricultural, from across the EU... (Read more under 'Articles')


WELSH Conservative MEP Dr Kay Swinburne today hailed a vote in the European Parliament as a "wake-up call" in the battle to save Europe's endangered languages.

MEPs meeting in Strasbourg backed a report which calls on governments across the EU to develop action plans to encourage continued linguistic diversity.

The report, written by Corsican MEP François Alfonsi, also says governments should be "more attentive" to threats which may lead to languages becoming extinct.

Dr Swinburne, who was a shadow rapporteur for the report, has argued that Welsh can be seen as a positive example of language revitalisation which communities across the EU should follow... (Read more under 'Articles')

Contact Us
Dr Kay Swinburne MEP
Rhumney House
Copse Walk
Cardiff Gate Business Park
CF23 8RB

Tel: 029 2054 0895

National Political Party: Conservative Party
European Group: European Conservatives and Reformists Group (ECR)

European Conservative and Conformist Group
© Copyright Kay Swinburne 2013 | All rights reserved. | Photographs of the Parliament supplied by Adam Issacs.

Website design in Cardiff by Designer Websites Ltd