Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-09-04-Speech-2-047"
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"en.20070904.4.2-047"2
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"Mr President, I welcome the Commissioner’s remarks, particularly as commitment to better regulation involves clear team work of regulators and those people affected working together to develop a piece of legislation. I also welcome that he is clear that there have to be economic objectives and that has to reflect market needs.
Looking through the Commission’s own summary of this consultation on company law, I notice that less than half the respondents call for the adoption of a European private company statute. That seems to be slightly at odds with some of the statements we have heard so far, so perhaps he could clarify exactly what those responses were. I also notice that most people wanted a codification and consolidation of existing company law, rather than anything going further. Clearly, he has got quite a difficult balancing act.
What I want to know is: to what extent have we identified so far a clear need for legislation at a European level, as opposed to a domestic one? I suspect that, in some cases, the pressure is coming from those who have very complex domestic laws and who want a European law to simplify matters. However, the problem is we have a European law on top of domestic laws and we often find it makes life much more complicated. Surely, the whole object of this exercise is simplification and clarification."@en1
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