Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-11-Speech-3-154"

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"en.20040211.6.3-154"2
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"Mr President, the Parmalat case is difficult to solve because we have not got to the bottom of the responsibilities and complex and ambiguous mechanisms that allowed it to happen. To consider it to be just an Italian scandal is a limited outlook. It is, in fact, an international affair of vast proportions, in which internationally important banks are involved. The losses that savers have had to endure are, however, very clear to everyone. It is them that we must think about and we must look into, and encourage, the application of adequate measures, such as specific types of insurance, able to indemnify small-time savers involved in the collapse. Moreover, what has been described as the largest financial and accounting fraud ever registered in Europe dramatically highlighted the serious lack of rigorous and effective rules that are capable of preventing cases of the falsification of company accounts which, in accordance with a recent Italian law, have been decriminalised. It is essential that, in a common market such as the European one where the Treaties state that the constitutional principles of free circulation of people, goods, capital and services apply, the Commission intervene in order to give greater protection to citizens against this type of fraud, and that it does so through Community measures that are capable of stepping up the monitoring of accounts audits for Union companies. This, however, is not enough. chaired by Mr Di Pietro and part of the Group of the European Liberal, Democrat and Reform Party, calls for strict rules to be established at European level to prevent any type of unfair economic or financial assistance at a company or individual level among companies active in the 25 Member States and structures operating tax havens in ‘rogue states’. In particular, a strict economic embargo, binding in this sense, would force the whole of the international community, including the USA, to act in an honest manner, so as to be able to prevent the reoccurrence of unfortunate episodes such as those that we have been talking about."@en1
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"L'Italia dei valori"1

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