European Affairs

I thank the right hon. Gentleman. It is generous of him to give way at this stage in his speech. May I bring to his attention the comments made by the Minister in the other place, Lord Myners, when interviewed by the European Scrutiny Committee? They are broadly in line with the demands that he makes. When asked about national supervisory powers, Lord Myners said that""we are not content with the suggested powers for EU authorities to change national supervisory decisions through binding mediation. We think that this, again, cuts across the basic principle of vesting supervision in national authorities where it is linked to fiscal accountability and responsibility."" Is the right hon. Gentleman demanding something from the Government to which the Government are already committed?