Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-13-Speech-1-052"
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"en.20020513.5.1-052"2
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"Mr President, Commissioner, ladies and gentlemen, the report by Mrs Berger, whom I should like to thank for the large amount of work she has done, has once again clearly regenerated the traditional fight in this Parliament for more or less harmonisation. It might be useful to remind ourselves of the fact that in the original Commission proposal, maximum harmonisation was very much the main objective in terms of distance marketing of financial services. The Council, on the other hand, took a completely different view.
Needless to say, a great deal can be said for the Commission’s original position. It was undoubtedly the best solution, both for providers of financial services and for the consumer. The division in Parliament, however, makes it impossible to secure this best solution. Moreover, in its common position, the Council would like to introduce exceptions to the principle of maximum harmonisation. This is unfortunate, for national provisions can indeed constitute barriers to the establishment of the internal market. Only complete harmonisation guarantees equal competitive conditions between the institutions and instils consumer confidence in services that are offered by other Member States. The exceptions to the principle of complete harmonisation can seriously hinder
commerce because service providers are thus obliged to take account of provisions enshrined in the fifteen different legal systems. I should also like to emphasise that the principle concerning the right of the country of origin will on the whole apply when there is no complete harmonisation. This will be extremely detrimental to some institutions because the legislations are very different in the area of restrictions.
By way of conclusion, I can therefore state that maximum harmonisation is still the preferred solution, but it once again appears that politics is the art of the possible. And a bird in the hand might be worth two in the bush. To put it more clearly: it is better to have a second-rate solution than no solution at all."@en1
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