Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-11-20-Speech-3-294"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20021120.8.3-294"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:translated text |
"Mr President, I must say that the interesting views and observations that I have just heard have convinced me that the European Parliament and the Council have a common interest in resolving the issue of expansion of the Lamfalussy procedure. As far as I can see, we agree on the essence of the problem that we are attempting to solve. We agree that there is a need for financial stability, for effective harmonisation of the legislation in this area and for effective cooperation and convergence between the financial supervisory authorities. I see too that note has been taken of the Commission’s report on the growth opportunities in the financial sphere through the introduction of the new structures, the inference being that we can contribute to growth and employment. The Council and Parliament have a common responsibility in respect of the major problems that we see in the Member States in these areas.
I also have a couple of individual comments, particularly to Mr Herzog, who says that I said, or let it be understood, that I was in favour of unitary supervision. On this point, I must not have expressed myself clearly, because unitary supervision is precisely what I am not advocating. We are advocating national supervision, that is to say a national solution, and then we must cooperate within the EU. It is not a case of unitary supervision.
To Mrs van den Burg, I can say that I understand her views regarding the content. Regarding the comment that the Council should look more to a market structure, I can say that we would like to get out of the dilemma that has characterised previous attempts to solve problems whilst discussing market structures, for we wish to signal that we respect Parliament and the role of Parliament. We particularly mention this in order to put a stop to the eternal power struggle between Parliament and the Council. We each have our own responsibilities to deal with, whether we are elected to the European Parliament or elected in national parliaments and are members of a government. I can well understand Parliament’s various wishes. I would wish the same, were I a Member of the European Parliament. I consider them entirely legitimate. The problem is simply that if, like Mrs Kauppi, one says that the Ecofin Council can simply decide to amend the Treaty, that is not in fact the case. Moreover, it would be a poor principle if the Ecofin Council had those powers. Consequently, it is necessary for me to refer to the fact that it is for the Convention, and subsequently the Intergovernmental Conference, to amend the Treaty. What I am able to offer is the fact that we are taking these matters seriously and that we in the Ecofin Council are doing what we can but will also tell our Heads of State very clearly which attitudes prevail in the European Parliament, because the Ecofin Council does not have a vote in the Convention, but our Heads of State do, the countries do, and we should exploit this opportunity.
This leads me on to say to Mr Blokland that the European Parliament is able to exercise influence, our wish in this connection being for the directives to be equipped with the same sunset clause as we are familiar with from the securities market. That means, moreover, that there must be a review in 2004 and that, if there is not then agreement on the Convention's conclusions or on the governments' conclusions at the Intergovernmental Conference, then these directives will lapse. Parliament is able to exercise that influence. I would simply call upon you to take account in your statement of what the Ecofin Council is able to do and deliver and refer to the responsibility that we have to get the capital markets to work effectively so that we each make a contribution to growth and employment in Europe.
I would like to express my thanks for the debate. Thank you very much for your views, which I shall pass on."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples