Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-298-000"
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"en.20110323.23.3-298-000"2
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"Mr President, I listened to the interventions. I understand that the groups agree that we should extend the existing system, but that they are waiting to have the new system on their desks as soon as possible. That is what we will do. We are working on it. As you know, before you can make a legislative proposal you need a public consultation, which takes time. You need an impact assessment, which takes time. Then, of course, you also have the internal decision-making process within the European Commission, on a subject which is far-reaching.
This is about a financial system which will apply for quite a period of time. We want the system to be much more selective than it was in the past, so that we can help those who really need it. At this moment in time, more than 150 countries are beneficiaries of the system. It is not at all selective. You could even ask yourself what the use of such a system is. We are thoroughly reviewing it.
We will come forward with our proposals within a couple of months. Parliament will then have the possibility to discuss them with us thoroughly. I would also like to repeat our pledge that we will keep Parliament fully informed."@en1
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