Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-346"

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"en.20011003.11.3-346"2
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"Mr President, the country-of-origin principle should meet the challenge of offering financial services electronically. I have one comment to make. First of all the scope for national policy. The country-of-origin principle respects national legislation. In addition, it is possible for Member States to deviate from the country-of-origin principle, but only on the basis of well-defined reasons. That is why, in the report, the rapporteur might have provided more extensive reasoning with regard to the effect the principle has on national policy. This would probably have prevented a number of unfortunate, socialist amendments from being tabled. Furthermore, the report is based on the assumption that more competition can only benefit the consumer. He should know the rules with which the supplier complies. Otherwise, confidence in trade will not grow. That is why the rapporteur might have been more specific in explaining consumer protection at European level. If bottlenecks occur, it can become difficult to allow for exceptions because not all Member States will agree that there is a need for these to be made. It is therefore useful to continue to monitor closely whether trade will be satisfactory to suppliers and consumers alike."@en1
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