Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-12-Speech-1-216"

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"Mr President, following the speeches from the Vice-President of the Commission and my colleague Mrs Berès, my speech is almost superfluous. I was responsible for producing the report for the Committee on Legal Affairs and, in agreement with our fellow Members from the Committee on Economic and Monetary Affairs, we arrived at the conclusion that the urgent procedure that the Commission was asking for in Article 6(2)(2) was unnecessary, because at the moment cooperation between Parliament and the Commission, and also the Council, is excellent. Consequently, the report by the Committee on Legal Affairs asks for this article to be removed and adopts two further recitals, two further changes to the recitals, aimed at highlighting the flexibility of the procedure. After the adoption of recitals 1 and 2 in committee there were negotiations between Parliament and the Commission, which Mrs Wallström referred to, and we tabled a final amendment, Amendment 4, which replaces the current Amendment 2, and establishes a formula for cooperation between the three institutions. In other words, what is important in this text is the final sentence, which says that the Commission, the Council and the European Parliament need to act diligently in order to ensure that these rules and interpretations can be adopted in time, in order not to undermine the perception and, ultimately, the confidence of investors. I think that, at the moment, this formula of compromise between Parliament, the Council and the Commission could help to solve the problems without us having to resort to the urgent procedure that the Commission originally proposed."@en1

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