Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-07-03-Speech-1-058"

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". Mr President, first of all I would like to congratulate Mrs Wallis, who is a very experienced lawyer and an excellent rapporteur. We have heard a whole series of reports prepared by Mrs Wallis which have been characterised by outstandingly precise legal language and a brilliantly clear description of the facts. Mrs Wallis is also a member of the Committee on Petitions. I have the honour and pleasure of working with her on that committee and I always regard her work with great respect. This also applies to the report we are discussing today. The case of Equitable Life was first sent to the Committee on Petitions. The committee is very pleased that the case is being discussed at a plenary session of the European Parliament. Insurance matters are incredibly sensitive issues. We all remember well the Lloyds case which we recently looked into. These are cases which are damaging to large numbers of people, in this case the many thousands of people who trusted the insurance company Equitable Life with their future. Just when they reach old age it turns out that they have been left without means and a great injustice has been committed against them. We must look into the matter very carefully but there is also another matter related to this case and that is the effectiveness of our actions. Mrs Wallis very aptly said that it is not simply a matter of implementing or adopting the directive but a matter of both implementing the directive and involving everyone who is affected by the directive. Therein lies the problem which we often face, namely that decisions of the European Parliament as well as those of other European bodies are sometimes not as effective as they should be. It should be important to us, when Parliament adopts a certain position, for that position on the matter (at the moment I am thinking of the insurance cases, and the Equitable Life case in particular) to be enforced in its entirety, so that it does not merely end with a Parliament decision or a Parliament resolution. It must end with the making good of the damage done to a very large number of people, and the effectiveness of our work is incredibly important here. Mrs Wallis proposed in her report that our House should address this matter and adopt a position which would facilitate the work of the committee in the future. I strongly appeal for all the suggestions put forward by Mrs Wallis in her report on behalf of the Committee of Inquiry to be supported by the House. I congratulate Mrs Wallis and I hope that a satisfactory conclusion will be found to this matter as well as for those people who have suffered damages as a result of the Equitable Life case."@en1

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