Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-05-14-Speech-3-078"

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"en.20030514.3.3-078"2
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". This regulation is intended to create a European legal statute for cooperative societies, so as to enable them to operate beyond their national borders, within the single market of the EU. This statute for a European Cooperative Society, which shares the aims of the statute for a European Company (Regulation No 2157/2001), seeks to adapt production structures to Community level, thereby enabling companies of all kinds to promote the reorganisation of their activities at Community level, in other words, to speed up the process of centralising and concentrating the capital of the huge multinational corporations – a process that will enable them to overcome the ‘obstacles’, as they call them, of national legislation to the mergers of companies from different Member States. We have rejected this aim, where companies are concerned, of creating European capital, as well as the socio-economic consequences that such restructuring and mergers will have, in particular for an outermost country such as Portugal. With regard to the cooperatives, with their own specific characteristics for the participation of their members and for the redistribution of profits, our abstention is based both on our doubts about the entire legislative process, and on the aim and content of this Commission initiative, although Parliament did propose some welcome amendments to the proposal submitted by the Executive Committee."@en1

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