Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-06-14-Speech-3-402"

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"Mr President, I would like to support the remarks made by various speakers on this being a historic moment. I am not referring to the time of five minutes to midnight, but to the historic moment in which we reached this sound agreement and were able to modify the proposal. I say the proposal, because the Commission did not like that terminology, but I think this is what has been done, through the good cooperation and professionalism of the people involved. I would also like to emphasise our adherence to the Lamfalussy procedure and cooperation between the different players in the field, and to underline what Mrs Berès said about the role of the regulators and the importance of getting the tools to enforce the legislation and measures we have now adopted. This enforcement needs tools and instruments and it is up to Member States to provide them. The last point I want to mention is something I think we have to discuss with the Commissioner responsible, Mr McCreevy. I hope we can invite him to the next Strasbourg session and have a debate – maybe not at such a late hour as this but earlier in the day – on the developments in the stock exchanges. I was particularly surprised by something he said the day before yesterday in a speech in Ireland. He compared the globalisation of the financial markets with an ocean steamer and said that the European Union is on the bridge, in control and taking the lead in this process. We are not sure that this is in fact the case, because the Commission is not proactive in what is happening at the moment in the market. We are keen to debate this with him."@en1
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