Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-30-Speech-2-231"
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"en.20040330.7.2-231"2
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".
Mr President, may I again thank the rapporteur, Mrs Keppelhoff-Wiechert, and all of those involved in taking this important dossier forward. Based on the excellent work done and the informal trialogue between Parliament, Council and Commission, there is, I hope, sufficient agreement between the three institutions to reach resolution in first reading.
I understand the view expressed in the House in favour of financial guarantees. However, I have also to take into account the view of the Council, where there is a qualified majority in favour of deleting the provision on guarantees. It is clear to me that if first reading agreement is to be reached, this House will need to support the amendment to delete the guarantees in line with the compromise proposed. The Commission could then come forward with a report on all aspects of the situation. This would enable full consultation of all economic actors and stakeholders.
I have to say that a very persuasive factor is the fact that the insurance industry across the Community, including the enlarged Community, is not ready for mandatory financial guarantees across the board. There is little point in legislating if we cannot be assured of effective compliance. So I would strongly urge the House to support the amendment in relation to guarantees; otherwise a golden opportunity for first reading agreement will be lost.
Based on the compromise reached, I understand that the rapporteur has tabled amendments which the Commission can accept and thereby facilitate closure in first reading.
Finally, I would like to state that a full listing of the Commission's position on the amendments is being provided to Parliament. I trust that this will be included in the verbatim report of proceedings of this part-session."@en1
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