Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-09-Speech-2-996"
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"en.20100309.18.2-996"2
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"The Commission’s proposal relates to the allocation of the financial intermediation services indirectly measured (FISIM) for the establishment of the gross national income (GNI) of the Member States used for the purposes of the European Union’s budget and its own resources.
The FISIM represent a part of the product of financial institutions which does not come from direct sales of services at a fixed price, but rather by charging an interest rate on the loans which is higher than that applied to deposits.
The Commission proposes to proceed to the allocation of FISIM for the establishment of GNI and considers that this should be effected retroactively from 1 January 2005, the date of the entry into force of Regulation (EC) No 1889/2002. However, the proposed retroactive implementation from 1 January 2005 poses problems for the precise extent of this retroactivity.
Therefore, we agree with the rapporteur’s position, advocating that the allocation of the FISIM for establishing the GNI should not begin until 1 January 2010. This ensures that the allocation of the FISIM is properly carried out from 2010, resulting in a more accurate calculation of the GNI."@en1
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