Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-063"

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"en.20101006.11.3-063"2
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"Madam President, catastrophes and very spectacular events, such as the leak in the Gulf of Mexico, are very often the stimulus for general changes in policy and great schemes of regulatory reforms. However, action which is dictated by emotions is not always rational, so I would appeal for a great deal of caution and care in imposing new obligations on firms, be they in the area of insurance, environmental standards or safety standards, because in the European Union, these standards are, in any case, the highest in the world. We are at a different stage of development in this area of legislation. The only consequence of such hyper-regulation can be a weakening of Europe’s competitiveness and a stronger position for the extraction industry everywhere outside the European Union. The situation is similar in the case of a moratorium on off-shore drilling – such a moratorium will produce effects which are, most probably, completely the opposite to those which were intended. A moratorium means more ships sailing to European coasts and, therefore, more danger to the environment. This is why I am appealing, in both cases – in the case of legislation, and in the case of the moratorium – for a great deal of caution."@en1
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