Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-03-14-Speech-3-184"

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.20010314.6.3-184"2
lpv:hasSubsequent	lp_eu:2001-03-14-Speech-3-1852
lpv:speaker	lp:Philippe A.R. Herzog2
lpv:spokenAs	member; Delegation for relations with Canada (2000-09-28--2002-01-14)3 substitute; Committee on Industry, External Trade, Research and Energy (2001-02-14--2002-01-14)3 vice-chair; ECON (2001-02-27--2002-01-14)3 unknown; sans étiquette (2000-08-01--2004-07-19)3 member; EUL/NGL (2000-08-01--2004-07-19)3
lpv:translated text	"Mr President, ladies and gentlemen, I believe that we must send a clear warning to the Council and the Commission that the conditions for democratic control over a fundamental issue have not been met. Moreover, the mandate given to the Wise Men referred to the method, whilst the political debate on the aims and the substance of regulation and political control is still far from over. To create a European financial market could be a move in the wrong direction because of the finances of unstable and discriminatory markets or an obsession with financial assets. However, the exercise may turn out to be positive if it is a question of pooling resources to develop a productive system, social cohesion or inter-generation solidarity. However, who can say that we are actually preparing that? It is not the European Parliament that is slowing things down. The Member States have said yes to a pan-European financial market, but they have not bothered to consider its impact. They have not developed a strategy and have come up against a great deal of administrative opposition. The Committee of Wise Men had to propose an extremely complicated procedure which was typically intergovernmental, whilst a method giving powers of initiative to the European Parliament with the establishment of a European regulator who was equipped with a clear mandate would have certainly succeeded in an effective, acceptable and rapid fashion. So we have a method which is totally inappropriate. This is what we are saying today in unanimity with the Committee on Economic and Monetary Affairs. We want at least a power of recall, which would enable us to control this extremely bureaucratic procedure, which is slipping from our grasp. We demand that this challenge be brought within reach of public opinion. Once again, it is a question of democratic choice."@en1
lpv:unclassifiedMetadata	"(Applause)"1

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