Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-08-Speech-2-395"
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"en.20080708.36.2-395"2
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"Madam President, Mr Vice-President of the Commission, ladies and gentlemen, I am struck by the consensus that has emerged from your speeches, which I could summarise as follows: neither demonisation, nor naivety.
We have all heard the comments by Members that we obviously must not dissuade the sovereign wealth funds from being put to good use, and various uses were described for European prosperity. Nevertheless, there was agreement on a number of political principles that should prevent us from being too naive.
They are the principles of transparency, fairness, predictability and reciprocity. These contributions from Members will certainly help us to continue the work in the Council and in the Commission with a view to drawing up a code of conduct. It is extremely encouraging and important that the Members highlighted the need for coordinated work between the Member States, and from that perspective I wanted to say that it is very satisfying to hear the eurozone countries speaking with a single voice since they are capable of upstream coordination and coordination with the ECB."@en1
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