Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-15-Speech-3-280"
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"en.20060315.23.3-280"2
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"Mr President, Commissioner, you want the market to operate properly. You must therefore renounce this frenzied liberalism that you are proposing to us and that clearly does not achieve its objectives. What we need is a mergers strategy that works, certainly, but one that also comes with a well-regulated industrial policy strategy and with business strategies that respect objectives relating to the environment and social standards.
I believe that the President-in-Office of the Council was right to say that it is also necessary to include medium- and long-term objectives, which an unfettered liberalism cannot fulfil. Furthermore, if we want the takeover bid directive to work properly, the Member Sates will have a great responsibility. We will have to also perhaps provide for its review – this is included in the text - so that the power of shareholders is not that kind of blind power that, without taking account of any interest, or the State in question, or the industrial strategy in force, or the interests of the employees, could destroy companies that, over the years, have accumulated a know-how and a business strategy that could also contribute towards a European industrial policy.
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"Applause from the left"1
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