Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-02-05-Speech-2-029"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-02-05"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial services legislation2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20020205.3.2-029"2
lpv:hasSubsequent	lp_eu:2002-02-05-Speech-2-0302
lpv:speaker	lp:Benedetto Della Vedova2
lpv:spokenAs	member; ECON (2002-01-17--2004-07-19)3 member; NA (2001-10-03--2004-07-19)3 unknown; Lista Emma Bonino (1999-07-20--2004-07-19)3 substitute; Committee on Industry, External Trade, Research and Energy (2002-01-17--2004-07-19)3
lpv:translated text	"Mr President, President Prodi, Commissioner Bolkestein, once again, we are faced with the inadequacy of the European legislative procedure, as Mr Huhne pointed out a short while ago too. In this context, Parliament has two distinct aims, which could have been conflicting: on the one hand, the need to secure a more significant, effective role for Parliament in these matters, to secure, that is, greater democratic legitimisation of the rules we are debating; on the other hand, however, there is the urgent need to conclude the Financial Services Action Plan with all speed in order to implement the common market in this sector. We are seriously behind schedule, and the persistence of this hotchpotch of regulations is creating barriers which are costing the European citizens dearly. One example is the case of pension funds, which have long been constrained by protectionist rules in the different Member States. The average size of European pension funds is one sixth of that of pension funds in the United States and the yield in Europe is 60% of the American figure. This represents a severe handicap for pensioners, for savers in general and for the efficiency of the economy. The time factor is crucial. We are lagging behind severely and we must therefore be responsible in our attitude and not neglect the need to give a vigorous boost to the construction of the internal market in our pursuit of the goal of securing a proper role for our institution. To sum up, Mr President, my view is that the rapporteur, Mr von Wogau, Mrs Berès, the Committee on Economic and Monetary Affairs and the Committee on Constitutional Affairs have succeeded in achieving a balance between these requirements, providing us with a good short-term solution and pointing the way for the future. The Italian radicals will therefore vote for the measure."@en1

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