Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-11-Speech-2-292"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2003-03-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Activities and supervision of institutions for occupational retirement provision2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20030311.11.2-292"2
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2002-03-06--2004-07-19)3 unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (2002-02-07--2004-07-19)3 substitute; PECH (2002-01-17--2004-07-19)3
lpv:translated text	". The common position adopted by the Council forms part of the aim of applying the private capitalisation approach to the financial resources of national pensions systems, in other words, submitting these enormous financial volumes to the methods of the capital markets and enabling the financial sector to speculate on them. Creating a single market for occupational pensions was one of the priorities of the ‘Lisbon strategy’, under the Financial Services Action Plan, which seeks to achieve the integration or liberalisation of capital markets in the European Union. The objectives of private capitalisation are clearly demonstrated in the lack of genuine prudential rules, in the liberalisation of investments and service provision at European level and in the absence of guarantees covering all risks, or allowing them only on an optional basis. The rapporteur himself, in his explanatory statement, sets the tone, by stating that this proposal will contribute to the development of the financial markets, acknowledging that the common position lacks balance between taking into account the social security of the beneficiaries and the aim of creating a simple framework for capital markets. Hence the adoption of amendments from first reading, which fall considerably short of what we would wish to see and which do not call into question the approach of the original proposal. This is the raison d’être of my political group’s proposal, which I supported, for an amendment seeking the rejection of the Council’s common position."@en1

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