Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-04-Speech-3-109"

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"en.20010704.3.3-109"2
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"Madam President, I think it is highly regrettable that the compromise achieved in the conciliation procedure is being rejected today by the smallest possible margin. This takeovers directive was and is an important part of the final implementation of the European single market. Preparations for this had been going on for a very long time – twelve years – and I hope that the work will not have all been in vain in the wake of this very close vote. In other words, I hope that the work to formulate harmonised rules on company takeovers in the European Community will carry on, and perhaps one day we will find a compromise in this matter that would achieve majority support in this House. I would just like to raise the question of how this will affect flows of capital in Europe. In my opinion, it is very worrying that at Lisbon last year we made some ambitious plans, which now seem to have turned out to be mere empty words. The rejection of this directive shows that we lack the political will to take the decisions of Lisbon forward."@en1

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