Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-11-20-Speech-3-287"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-11-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial Services2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20021120.8.3-287"2
lpv:hasSubsequent	lp_eu:2002-11-20-Speech-3-2882
lpv:speaker	lp:Johannes Blokland2
lpv:spokenAs	unknown; ChristenUnie - Staatkundig Gereformeerde Parti (2002-03-18--2004-07-19)3 member; Delegation to the European Economic Area Joint Parliamentary Committee (EEA) (2002-02-07--2004-07-19)3 member; ECON (2002-01-17--2004-07-19)3 vice-chair; Delegation to the EU-Slovak Republic Joint Parliamentary Committee (2002-02-07--2004-04-30)3 co-chair; EDD (2001-01-30--2004-07-19)3 member; Committee on the Environment, Public Health and Consumer Policy (2002-01-17--2004-07-19)3
lpv:translated text	"This week the plenary session is largely dominated by European Union enlargement. The debate about enlargement and its consequences for existing and new legislation makes us aware of the differences that exist, alongside many similarities, between the Member States and the candidate countries. There is a major difference in the area of the social market economy and the independent supervision of its performance. A social market economy in good working order is one of the conditions for accession of the candidate countries to the European Union. There is no precise description of what a social market economy in good working order is. What is apparent though is that our own market economy is not yet performing to optimum effect. A report has after all been written under the direction of Mr Lamfalussy with recommendations for the improvement of the financial markets. A prime objective of the Lamfalussy procedure is improvement of the control and the supervision of the financial markets. I do however have serious concerns about the developments regarding independent supervision in the accession countries. The creation of frameworks within which the financial markets can operate is in my view a task for government. Given the development of the markets to a global size and a worldwide sphere of activity, it is very important that supervision and enforcement are organised effectively. In this way the citizen can be protected and undesirable excesses can be controlled. It is clear that the developments in the financial markets will have an impact on the countries that will be acceding to the European Union over the next few years. I should therefore like to ask Commissioner Bolkestein how he thinks independent supervision in the accession countries can be adequately achieved. Do you expect the candidate countries in the short term to be able to meet the guidelines that cover the area of the financial markets at the same level as the present Member States? I apologise in advance for not being able to wait for the answer, but I shall read it carefully afterwards."@en1

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