Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-02-12-Speech-3-294"
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"en.20030212.10.3-294"2
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". – Mr President, firstly I would like to congratulate Mr Harbour on his report and thank him for incorporating into it so many of the viewpoints of the Committee on Economic and Monetary Affairs.
The Economic and Monetary Affairs Committee broadly shares the view of the state of the internal market set out by the Commission in its third annual report. Like the Commission, we regret that in the period covered by the report only about 50% of the target actions have been met. However, we reject the Commission's claim that the Council and Parliament are equally to blame for this failure.
The list set out by the Commission itself in the report contains eight examples of where we have failed to meet targets. Six of these clearly lie at the door of the Council, and only two can loosely be blamed on the European Parliament. We therefore call on the Commission, at the Spring Summit, to push the Council to come forward with a clear set of priorities and a timetable for meeting its commitments under the single market programme.
The Economic and Monetary Affairs Committee welcomes the four headings for target actions set out in the review: modernising markets, improving business conditions, meeting citizens' needs and anticipating enlargement. As far as the modernisation of markets is concerned, we particularly welcome the call to improve the pace of the delivery of the financial services action plan. Financial services are the oil in Europe's economic engine, and we share the Commission's view that a truly integrated financial sector could add between 0.5 and 0.7% annually to EU GDP: a staggering EUR 43 billion per year.
Regarding the improvement of business conditions, we particularly welcome the objective aimed at ensuring that, in all Member States, a private limited company can be set up within 18 working days and at a cost of no more than EUR 213.
Where meeting citizens' needs is concerned, we welcome the emphasis given to encouraging free movement of labour, particularly through the introduction of a European health card, and the improved mutual recognition of academic and professional qualifications.
Finally, as far as anticipating enlargement is concerned, we now believe it urgent that the Commission addresses the administrative capacity of the candidate countries to ensure compliance with single market legislation.
As the Commissioner himself has said, the creation of the single market and the progress we have made since 1992 is remarkable, but there are no grounds for complacency. We believe that the Commission has set out a practical roadmap for the next 18 months. The Commission will have the support of my committee, and I am sure the whole of the Parliament, in meeting the objectives it has set out."@en1
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