Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-24-Speech-3-494"

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"Madam President, ladies and gentlemen, just a brief remark about the comments made by Mr Medina Ortega and also to thank everyone who has spoken. This European instrument, this European attachment order that is under discussion, really could complement national legislation and hence deal with the serious infringements of creditors’ rights that occur on a transnational basis. I very much agree with Mr Medina Ortega about the fact that we must give thought to attachment, or protection, as it were, in respect of people who take refuge in tax havens. Clearly, as you are all aware, Europe has no unilateral power to act. What we must work towards, in my opinion, is closer cooperation between the judiciary, the financial investigation authorities and the major banking groups which operate in these so-called tax havens. We need to convince those countries’ governments that it is ultimately in their interest to cooperate with the European Union. Therefore, even if we do not have an active instrument in the near future, a unilateral tool to counter the system of tax havens, we ought to be able to use the instrument of democracy, on the one hand, and that of judicial and financial cooperation, on the other, to tackle what is a very real problem."@en1

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