Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-05-Speech-4-297"

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"Mr President, ladies and gentlemen, I believe that the work done by the committee responsible and the rapporteur, Mr Karas, has taken our parliamentary debate a stage further and is helpful in clarifying what problems need to be tackled and resolved in this field. Furthermore, I am pleased that particular emphasis is at last being given to small operators and not just to large movements of capital. The financial services sector does not just serve large companies operating at European or intercontinental level; it is likewise a vital tool for anyone wishing to take new ideas and ways of doing business beyond their own local market. High-level legislative action by the European Union will undoubtedly lead to greater competition and lower costs for consumers, with a positive impact on increased choice and wider access to such services by users. Given the importance of this sector and the advantages which would stem from better legislation in this field, I am happy to see that, thanks to this report, Parliament will finally be able to put forward appropriate measures of direct benefit to consumers."@en1

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