Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-04-Speech-3-130"
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"en.20010704.3.3-130"2
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"The draft directive and the Karas report on pension funds and supplementary systems represent yet another attack on the existing pension schemes in the European Union.
The Karas report draws on the very liberal conclusions of the Feira European Council in approving the directive. It takes an ‘Anglo-Saxon’ approach to regulation, based on a minimum of harmonisation, as reflected in the absence of specific rules to define the commitments entered into by the pension funds.
The directive meets the demands of the UK and Netherlands pension funds, which want to be able to intervene at European level by having a single fund instead of separate funds set up in each country.
Once again, the European Union is surrendering to the dictatorship of the single market, this time in regard to retirement pensions, with the consequences we know so well: even worse inequality between workers, the stranglehold of the financial markets and shareholders on retirement savings schemes, and heavier pension fund pressure on employees.
Instead of harmonising downwards and creating a single retirement pension market, we should set up a system based on solidarity and equality at European level.
That is why we voted against the Karas report and reject the proposal for a directive."@en1
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