Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-101"

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"en.20100707.7.3-101"2
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"Madam President, there is no doubt that Iceland’s home is in the European Union and it may come as a surprise to Nick Griffin that Iceland already voluntarily applies two thirds of EU laws, voluntarily is a member of the internal market and voluntarily is in the Schengen zone. What I want to stress today is that we need to develop responses to the financial crisis. It has been a dominant feature of our European policy making process. Commissioner, as you know, today, Parliament will vote on the financial supervisory package and on capital requirements for institutions and rules for bankers’ pay and remuneration. It is therefore important, in the wake of Iceland’s banking collapse, that we strengthen our partnership around financial reform. I am pleased therefore that this forms a key part – and indeed an early part – of the negotiations with Iceland. There is of course – as many colleagues have said – one major outstanding issue that needs to be resolved. The Icesave negotiations between the UK, Netherlands and Iceland need to find a fair and equitable solution to the compensation paid to savers and indeed, in my own constituency, to a cancer care charity which lost funds that had been donated to them and had to be compensated by our government. I am therefore pleased that the Commission and Council recognise the importance of this solution. I would again stress that financial services and improved supervision must be an essential element of the negotiations in the interests of the European economy, not just of Iceland and other Member States."@en1
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