Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-05-15-Speech-4-041"
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"en.20030515.2.4-041"2
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"Madam President, ladies and gentlemen, it is quite certain that Parliament will confirm Mrs Tumpel-Gugerell's appointment, and will probably do so unanimously. I believe that this is a good basis for setting new objectives in this key area of economic policy in future as well. At the hearing, we were told that she will work on developing new structures for the future of Europe. I met her in person at the debates on Basle II, and there too, she was able to assure us, very competently, that this issue is being taken seriously and that the European Central Bank is certainly also preparing analyses on this topic. I think that the issue of Basle II, especially as regards the creditworthiness of small and medium-sized enterprises and the securities they are required to provide, and the introduction of Basle II must be properly prepared, and the European Central Bank will play an important part in doing this.
For this reason, the inclusion of the social partners in this area is also essential so that the requisite preparations can be made by common consent, for liquidity is naturally very important for the enterprises. After all, the wages have to be paid at the end of each month and in many cases, financial arrangements with the banks must be made as a matter of great urgency, and this can only be guaranteed if appropriate securities are provided. That is why we want best practice and benchmarking in tax policy as well, so that in future, adequate risk and own capital can be made available to the companies."@en1
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