Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-11-Speech-1-078"

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"Mr President, from the previous interventions of the rapporteur and the draftsperson of the opinion, and the intervention by Mr Lehne, on behalf of the European People’s Party, it appears that there is a degree of unanimity which the Socialist Group shares. We believe that the Commission’s proposal is appropriate and that Mr Inglewood’s report goes into detail on certain aspects, in particular the reference to the commitology procedure and the explicit reference to the commitments made by the President of the Commission during last February in relation to the participation of Parliament in the development of the legislation on the financial markets. Secondly, as Mr Lehne has said, the adoption of international accounting standards by the Community involves a second part, the negotiation with the competent authorities in the United States – not with the government of the United States, but above all with the Securities and Exchanges Commission – of standards which prevent European companies from having to conform to dual accounting requirements in order to operate in Europe and in North American markets. Mr Inglewood has introduced a series of amendments which, in our opinion, are aimed at improving the text of the directive, within the framework of the spirit of cooperation between this Parliament and the Commission. As Mr Inglewood has said, our hope is that an agreement can be reached soon between the Commission, the Council and Parliament so that the directive can be adopted very quickly without having to go to conciliation. In principle, therefore, the Socialist Group will vote in favour of all the amendments. We have certain difficulties in relation to some amendments and we will still have to examine whether they are compatible with our position and, above all, we await the Commission’s opinion with regard to certain aspects of them."@en1

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