MEPs agreed today to set up a special committee on the financial and economic crisis with 45 members and a 12-month mandate. It will assess the extent and impact of the crisis on Member States and propose measures to rebuild stable financial markets.
MEPs agreed today to set up a special committee on the financial and economic crisis with 45 members and a 12-month mandate. It will assess the extent and impact of the crisis on Member States and propose measures to rebuild stable financial markets.
Parliament took the decision on Wednesday by a show of hands.
President Jerzy Buzek said: "We should learn the lessons from this economic and financial crisis so as to ensure that it is not repeated. Members of the European Parliament must assess the effectiveness of measures taken by the EU and Member States to alleviate the financial crisis. This new European Parliament committee will serve as an important forum for this. "
The special committee's term of office starts on 8 October 2009. Its findings will be presented in two reports: the first after six months and the second, at the end of the mandate, to include recommendations for action.
The committee will hold hearings with experts, social partners and representatives of industry, governments and national parliaments, and will contribute opinions to the legislative work of Parliament's standing committees.
Parliament is to vote on nominations to this committee on Thursday.
© European Parliament
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