Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-03-14-Speech-3-181"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-03-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Regulation of European securities markets2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20010314.6.3-181"2
lpv:hasSubsequent	lp_eu:2001-03-14-Speech-3-1822
lpv:speaker	lp:Robert Goebbels2
lpv:spokenAs	vice-chair; PES (1999-07-20--2004-07-19)3 member; Members from the European Parliament to the Joint Parliamentary Assembly of the Agreement between the African, Caribbean and Pacific States and the European Union (ACP-EU) (1999-09-14--2002-01-14)3 member; ECON (1999-07-21--2002-01-14)3 chair; Temporary committee on human genetics and other new technologies in modern medicine (2001-01-16--2001-11-29)3 unknown; Parti ouvrier socialiste luxembourgeois (1999-07-20--2004-07-19)3
lpv:translated text	"Mr President, I would first of all like to thank Mr von Wogau and Chris Huhne who, together with your assistant, ensured that the Committee on Economic and Monetary Affairs could adopt a resolution unanimously. Such unanimity within our committee is worth underlining as it is a rare occurrence and should encourage the Commission and the Council to look very closely at the arguments put forward by the European Parliament. I would next like to thank Alexandre Lamfalussy, who worked patiently and intelligently at the head of the Committee of Wise Men. He listened to the European Parliament and the vast majority of his proposals were sensible, useful and even necessary to achieve proper regulation of the European securities markets and to create a genuine market in this area. Be that as it may, the report by Mr Lamfalussy had a mitigated reception, both in the ECOFIN Council and in the European Parliament, to the extent that some of his proposals threatened the interinstitutional balance. Mrs Randzio-Plath has already spoken about this so I will not go over it again. I am fully aware of the need to legislate more rapidly, especially in the interest of the development of European financial markets. The problem lies, above all, in the Securities Committee, which would adopt the Commission’s proposals according to the Council’s voting rules. We are told that these are not decisions relating to technical subjects and Mr Danielsson reminded us of the difference between the Council of Ministers and a regulatory committee. Why, then, mobilise Secretaries of State for ostensibly technical rules? What is more, these Secretaries of State must vote according to Council rules. Who can explain to me to what extent Secretaries of State, working under the direction of their respective ministries, will be able to legislate more quickly than the ECOFIN Council? That does not make much sense and I believe that, if we really want to work faster, we can do so. Mr von Wogau has pointed out a few ways to achieve this. I will not repeat them. The Parliament wants a right to recall, which exists in many countries and also in the United States. It is a safeguard clause in the interest of the markets. I am sure that, if this safeguard clause, this right to recall, existed, Parliament would probably not use it very often. In any event, it is a guarantee against the anti-democratic practices of a committee which sits behind closed doors and takes decisions without Parliament being able to intervene."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph