Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-15-Speech-3-287"
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"en.20060315.23.3-287"2
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"Mr President, when I hear Members of this Parliament treating the principle of the free movement of capital as sacrosanct, forgetting about the social objectives laid down in the Treaty, such as employment, the development of a balanced economy or the maintenance of solidarity and cohesion, I get the impression that some Members of this Parliament have not read the European Union's Treaties.
With regard to takeover bids, in general, we must take account, for example, of the interests of the workers, which are recognised in the Directive on takeover bids, and, secondly, we must take account of public service obligations.
As Mr Turmes said earlier, the large multinationals are currently demanding higher sums from their subscribers in certain countries than in countries where that free movement does not exist. Those of us from outlying island regions are wondering who is going to pay the additional cost that will arise for these regions in deficit.
Finally, I would like to point out that it is not true that the Directive on takeover bids does not provide for political interventions: Article 4(5) provides for the establishment of exceptional measures in accordance with national circumstances. European Union regulators will have to take this into account."@en1
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