Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-15-Speech-2-304"
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"en.20080115.26.2-304"2
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"A reasoned opinion was sent to Ireland on 14 November 2007. Ireland has two months to reply, which happens to be 14 January, which was yesterday. I understand that the reply was received yesterday evening. That reply is being studied by the Commission.
It is also necessary to point out that, as a result of correspondence that we had with the Irish Department of Health and the correspondence I had with the Irish Minister for Health over the past year, there was a proposed bill before the Houses of the Oireachtas before the election last May. That, of course, as Irish Members will know, fell when the election was called. We do not have institutional continuity in Ireland – which is a good thing, I think – but it was restored to the Order Paper when the new Government came into being. We have already suggested to the Irish authorities that some amendments to the bill as published are being considered.
So we will study the reply received yesterday evening (which I have not seen, but I understand it was received) and we will see what further changes have been proposed there. Dependent upon that, we will proceed to the next stage, or whatever.
But Mr Mitchell’s second question is very relevant. He said, has this any relevance to the risk equalisation debate? The answer is no. This is in the other areas for which I am directly responsible, like the Life Insurance Directive, which relates to solvency, and these matters which are in the public domain. Mr Mitchell is correct in saying that the VHI has about 75% of the market, in fact I think the figure is now 76% of the market. I understand that they have an even greater share of the market now than they had. They have gained a greater share and have gained a lot of extra people over the past year to 18 months or so, than they had previously. That is a fact. He is well-briefed on the matter. But my difficulty is to do with the non-life insurance directive and not with the rate of risk equalisation. But for completeness – as you would be aware, Mr Mitchell – there is a separate court action which is to be called before the Court in Luxembourg and taken by one of the competitors in the Irish market. That is before the Court of Justice, and I would assume that some time, maybe later this year, a decision on that will be given."@en1
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