Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-11-Speech-2-310"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-03-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Follow-up after the review of the "Lamfalussy Process" (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20080311.32.2-310"2
lpv:hasSubsequent	lp_eu:2008-03-11-Speech-2-3112
lpv:speaker	lp:Josu Ortuondo Larrea2
lpv:spokenAs	substitute; AFCO (2007-01-31--2008-04-28)3 substitute; Delegation for relations with Mercosur (2007-03-14--2009-07-13)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 member_of_the_bureau; ALDE (2004-07-20--2009-07-13)3 unknown; Partido Nacionalista Vasco (2004-07-20--2009-07-13)3 member; Delegation for relations with the countries of Central America (2007-03-14--2009-07-13)3 substitute; PECH (2007-01-31--2009-07-13)3 member; TRAN (2007-01-31--2009-07-13)3
lpv:translated text	"Madam President, Commissioner, Minister, a dynamic and healthy financial sector is crucial for the stability of the European economy and for global competitiveness. This is vitally important for consumers and companies. With this in mind, we all agree on the need for financial institutions to be well managed and supervised. That is why in 2001 we launched what is known as the Lamfalussy Process, with the aim of putting in place an efficient mechanism for convergence between the various Member States and partners in terms of supervisory practice and financial regulation. Now the Commission is asking us to approve a series of new initiatives relating to the adoption of legislation, the convergence of supervision and the strengthening of cooperation between the supervisory bodies in the various Member States. We agree with all of this because we need a strong and healthy financial sector that is capable of supporting our economy in the face of the turbulence on the international markets, but we want even more. We want the Savings Directive, which has been in force since 2005, to be examined in order to put an end to scandals such as Liechtenstein, which appears to be hiding tax evaders. There should not be Member States, linked territories or countries associated with the European Economic Area that, under the protection of banking secrecy, do not exchange information on interest paid to residents of other members of that same common economic space. Free competition prohibits State aid as a way of promoting the private economy; and taxation of savings should not be a gateway for distorting equal competition. The rules of the game should be the same for everyone and we should therefore eradicate tax havens, as they are anti-competitive and also anti-social."@en1

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