Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-14-Speech-3-219-000"
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"en.20120314.22.3-219-000"2
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"Mr President, when discussing the enlargement process in relation to Iceland, it is very hard to do so solely on the technical level of the Copenhagen criteria and
as the situation is very different from that of those Member States that have joined the EU since the fall of the Berlin Wall and the end of Communism in Europe.
Yet we must be very careful to be even-handed in our approach and ensure that Iceland genuinely does fulfil all of the EU criteria before joining. In the area of financial services, we need to be very careful to ensure that Iceland’s reformed banking system is now truly following all of the necessary EU regulations in this field.
The issue of Icesave is still of huge concern in the UK, where many individuals and local authorities lost significant amounts of money because of the lax system of regulation previously in force in Iceland. While separating this specific issue out from the accession process might be a sensible approach, I believe we must ensure the issue is resolved as soon as possible and appropriate measures are taken to avoid it happening again."@en1
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