Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-476"

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"I would like to begin by mentioning the good work that has been possible within the Committee on Economic and Monetary Affairs, thanks to proposals by its various members, and to highlight the role that the rapporteur, our colleague, Mr Klinz, played in bringing about a positive result. When we speak of prospectuses we are, of course, speaking about the idea of publicity, market security and better access to investment. For this very reason, I have sometimes felt that there is a distinct conflict between the protection which consumers need and the protection of investors, which is also necessary. We were able to find a balance. Often, the solutions were not identical, but more importantly, it is worth emphasising that in the end, this review paid attention to the situation of small and medium-sized businesses, the need to respect small investors regarding the possibility of greater simplification, greater clarity on exemptions and lower costs for businesses by reducing what is often an excessive administrative burden. Obviously, the respective positions of the Council, the Commission and Parliament are often not exactly the same in trialogue. However, it was possible to reach a balance on the future of market security at EU level, and I would like to stress here that this is a positive thing."@en1
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