Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-08-Speech-3-025"
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"en.20100908.3.3-025"2
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"Madam President, I should like to thank Mr Reynders and Commissioner Barnier very much for their support on the supervisory package, which sometimes felt a bit like trying to push a boiled egg through a tea-strainer, but finally we got through it. I hope our work on Solvency II and its implementing measures will be more productive and much faster. I trust that will be the case.
There are many positives which have been pointed out already today – and many negatives – but I would like to agree with the progress that has already been made and what we should aim for. Europe though – and not just the eurozone, it has to be said – needs performance-enhancing regulations as well as safeguards.
I have the feeling that nations are being made to feel like outcasts, and this must be stopped. It is self-destructive for the EU as a whole. The international agenda is key. The European Union has got to play a significant and crucial role in creating global standards.
The problem is that if we believe that creating standards in Europe alone is enough, we will make a grave error. That is why I welcome Commissioner Barnier’s remarks about table for the European Union and the USA of comparative regulatory achievement. My office has already drawn up such a table. I would be very happy to share the contents of that with you, Commissioner. I hope it will be useful.
Finally I might ask: where are we in dealing with the Transatlantic Economic Council, the higher-level regulatory dialogue? Where do we expect to go in the future? We have problems before us we cannot solve on our own."@en1
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