Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-22-Speech-3-172"
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"en.20050622.19.3-172"2
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".
Mr President, I should say first of all that I come from a Lloyd’s background, although I am not a Name; I never have been and I have no financial interest in any way, shape or form. My family has been associated with Lloyd’s for over 200 years in one form or another and I therefore understand the marketplace and how Lloyd’s functions.
I have no specific animus against Lloyd’s in any way, shape or form. Indeed, arguably, I strongly support the organisation. But equally I support the principle of this question, which dates back – as many colleagues now know – to 1997 in terms of the petition and far longer in terms of the substance. This is about the fact that the question tabled by Roy Perry and now by the Committee on Petitions has not been answered properly. It is a measure of that concern that there is unanimity in the Committee on Petitions, even though there may be disagreement about the substance on the fact that this question has not been responded to properly. That is why there is a motion for a resolution attached to give power to the President of Parliament to instruct the Committee on Legal Affairs to take legal action against the Commission to answer that question, if – as I suspect is already the case this evening – this has not happened. The cause for concern here is that it is a failure by the Commission to respond to the Committee on Petitions – now in total as opposed to an individual Member.
The issue itself continues, as the Commissioner and Members know. People are still being made bankrupt and their health and their lives are still often in turmoil. This petition needs to be closed, we need answers to the question. My colleagues and I on the Committee on Petitions cannot agree to the petition being closed until we get the proper answers to these questions tabled now and also previously by my former colleague Roy Perry.
The Commission must answer the question properly to give at least a chance to those who have suffered at the hands of Lloyd’s in this sad affair the opportunity to be able to pursue their cases.
I have never been and will not be one who advises members of Lloyd’s – ‘Names’ – who have suffered financially to pursue a case with no expectation of success. That way lies folly and further trouble. However, I, along with colleagues who have investigated this matter, believe that it needs proper consideration. That is why the question has been tabled in the terms it has. This is no personal reflection on Commissioner McCreevy, but I am not satisfied that the Commission has given the proper answer. Therefore, it must realise that further consequences will follow."@en1
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