Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-07-03-Speech-1-064"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-07-03"^^xsd:date2
dcterms:Is Part Of	lp_eu:Crisis of Equitable Life (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20060703.13.1-064"2
lpv:hasSubsequent	lp_eu:2006-07-03-Speech-1-0652
lpv:speaker	lp:Manuel Medina Ortega2
lpv:spokenAs	vice-chair; Committee of Inquiry into the crisis of the Equitable Life Assurance Society (2006-02-02--2007-06-19)3 unknown; Partido Socialista Obrero Español (2004-07-20--2009-07-13)3 substitute; JURI (2004-07-21--2007-01-14)3 substitute; Delegation for relations with Canada (2004-09-15--2007-03-13)3 member; Delegation for relations with the countries of the Andean Community (2004-09-15--2007-03-13)3 member; PES (2004-07-20--2009-07-13)3 member; IMCO (2004-07-21--2007-01-14)3
lpv:translated text	"Mr President, Mrs Wallis’s report is an interim report, since the Committee of Inquiry still has a lot of work to do. In any event, a parliamentary committee of inquiry is not a court of justice. In other words, this committee is not going to be able to decide whether the British authorities have behaved correctly or incorrectly in their regulation of this field; that is a job for the courts of justice. What are being exposed at the moment are shortcomings in the European Union’s rules, since they are intended to make it possible for activities of this kind to be carried out across national borders. What we are detecting at the moment is that there is no control mechanism for activities crossing national borders. As the representative of the Commission has said, each national authority is theoretically responsible for supervision, but, when the company collapsed, neither the Irish authorities nor the German authorities were able to do anything, because the company’s subsidiaries and branches in their respective countries were closed at that point. The 6 500 pensioners that Mr Ó Neachtain was talking about, in Ireland, and the thousands of pensioners in Germany, did not therefore have any opportunity to exercise control. As I said before, a parliamentary committee is not a court of justice, but it can draw conclusions from a legislative point of view. I believe that the lesson we can now draw in this sense is that, at the moment, the principle of mutual recognition, the so-called ‘Community passport’, is not enough. When laying down Community rules, an effective control mechanism must also be established, which, eliminating the principle of country of origin or country of provenance, makes it possible for the European Union institutions to monitor the operations of institutions operating across national borders. I believe that that is the most important conclusion we can draw so far."@en1

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