Following is a text of Commission President Mr José Manuel Barroso's speech to the European Parliament yesterday:
"Mr President, honourable members, I have asked to take the floor at this point because I think it is important that I share with you my analysis of the present situation.
I have listened very attentively to yesterday's debate.
I have had extensive contacts with the group leaders and I have also spoken with the President of the European Council.
I have come to the conclusion that if a vote is taken today, the outcome will not be positive for European Institutions or for the European project.
In these circumstances, I have decided not to submit a new Commission for your approval today.
I need more time to look at this issue and to consult with the European Council further so that we can have strong support for the new Commission.
It is better to take time to get it right.
These last days have demonstrated that the European Union is a strong political construction and that this parliament, elected by popular vote across all our member-states, has a vital role to play in the governance of Europe.
I was honoured to have received your support as president-designate in July. I committed myself then to work actively with you in the European interest; I renew that commitment today.
I think we can agree, Mr President, on our common commitment to reinforce the democratic nature of European integration, and I would hope that we can arrive at an outcome in the next few weeks which will permit us to take forward work in the European Union in this spirit.
I can always offer you a loyal co-operation for the good of Europe."