Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-26-Speech-1-105"
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"en.20050926.14.1-105"2
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"Mr President, ladies and gentlemen, I want to start by telling the Commission that this is where the work begins. Mr Radwan may well have produced a splendid dossier, but what matters is that Commissioner Verheugen should give his attention to the question of how best to introduce this directive in Europe, how to prevent insolvencies and encourage company formations. Commissioner Kovács’ homework is, in my view, to give some thought to how, in future, businesses may write off more minor items – the rates in America, for example, are substantially higher – and to how they are to handle the carrying forward and back of losses. This is where the Commission should, with competition in mind, intervene creatively, for this Basel II project is, after all, meant to be about rationalisation and reform; it is meant to save costs rather than to bring a whole new wodge of them into play, and for that reason, here too, I recommend benchmarking and best practice."@en1
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