Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-29-Speech-1-054"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-03-29"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial markets2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20040329.6.1-054"2
lpv:hasSubsequent	lp_eu:2004-03-29-Speech-1-0552
lpv:speaker	lp:Benedetto Della Vedova2
lpv:spokenAs	member; Delegation for relations with the countries of South Asia and the South Asia Association for Regional Cooperation (SAARC) (2002-02-07--2004-07-19)3,3 member; ECON (2002-01-17--2004-07-19)3,3 member; NA (2001-10-03--2004-07-19)3,3 unknown; Lista Emma Bonino (1999-07-20--2004-07-19)3,3 substitute; Committee on Industry, External Trade, Research and Energy (2002-01-17--2004-07-19)3,3
lpv:translated text	"Madam President, Commissioner Bolkestein, Mr Skinner, Mrs Villiers, I believe that this Parliament can be satisfied with the work carried out on such an important issue and, in particular, on the directive on markets in financial instruments. It was also possible to achieve this result thanks to the valuable work carried out by the rapporteur Mrs Villiers, who has already been praised by Members, and who was capable of listening to different points of view and drawing up a solution that was sound and could be agreed upon. As we know, negotiations with the Council were difficult at times but I believe that the compromise, on which we will be called upon to vote tomorrow, includes the important requests – or at least some of them – that were put forward by Parliament. The compromise succeeded in taking account of the procedures, characteristics and individual practices of the economic and financial systems in the different Member States – I am thinking, for example, about the case of Italy – without, however, making excessive concessions to the protectionist allures of some of the systems or to those who would have wanted to see a single model implemented. The solution upon which we will vote tomorrow will, moreover, offer new possibilities to investors in those countries that had, instead, opted for the market concentration rule. The principle of competition between trading systems, which should offer alternatives to regulated markets, was readily agreed to. The liberalisation of trading activities on listed financial instruments and the promotion of greater operational decentralisation will reduce the obstacles to entry for service and trading providers, which will lead to a reduction of the operational costs and an improvement in the quality of services. Competition will, therefore, encourage innovation and efficiency. To conclude, Madam President, I announce that the radical Members of the Lista Bonino will vote in favour of this compromise."@en1

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