Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-19-Speech-2-039"
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"en.20070619.5.2-039"2
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"Mr President, the report and recommendations we are discussing today concern the very specific problem of the crisis faced by Equitable Life. And in this specific matter, there is clearly no doubt that the British Government has not fulfilled the requirements of the third directive on life insurance, nor has it ensured the appropriate legal appeal measures. As a result, the committee of inquiry judges the British Government to be at fault in this case.
However, we must remember that the Equitable Life crisis affected a strong, extremely respected company. This crisis could, therefore, affect any other company, not necessarily in the insurance sector, in nearly any Member State. Therefore, the European Commission’s current evaluation of the Member States’ capability to implement and apply European Union legislation is, in my opinion, insufficient.
I wholly agree with the conclusions of the committee of inquiry, namely that the European Commission should pay more attention to the quality of legal provisions at a European Union level and at the level of the Member States. A formalist and statistical approach to monitoring the transposition of Community law is already seriously inadequate. The European Commission’s recommendations to Member States are based on the assumption that European Union legislation will be effectively implemented when there are enough sufficiently qualified employees available and once the appropriate resources have been assigned for this purpose.
I do not entirely share this view. Staff numbers and the amount of resources at our disposal are not a comprehensive yardstick. We need to be determined and actively involved in the implementation of European Union legislation. These actions will only be credible if countries delegate the implementation of Union legislation to authorised, competent and responsible institutions whose effectiveness will be assessed. The correct handling of the challenges facing the Member States requires three factors: knowledge, competence and readiness.
The first factor, namely knowledge, is not a problem today. The second factor, namely the ability to implement the
is based on allocating suitable resources for the purpose and hiring the right staff. This is what the Commission is currently stressing the most. However, the third factor, namely preparedness, is the most important."@en1
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