Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-188-000"

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"Madam President, Commissioner, ladies and gentlemen, I am grateful to Mr Schlyter for his excellent report on a sensitive issue on which a great deal of common sense is needed. Not all investment agreements can be replaced by European agreements, but not even the Commission can ignore agreements that infringe European provisions, and we agree with the rapporteur about placing the emphasis on transparency. Ideally, we should have a clause that automatically repeals the 1 200 agreements currently in force. Unfortunately, however, that would mean legal uncertainty for investors and too much work, perhaps, for the Commission. Our amendments in the Committee on International Trade have been successful, firstly, in ensuring that the Commission’s powers are fully respected and, secondly, in stating that legal certainty should be guaranteed. Some of the amendments on which we will be voting tomorrow in plenary may now alter this compromise and balance, and I call on my fellow Members, and the rapporteur and the shadow rapporteurs in particular, to come up with a balanced measure that is acceptable to all."@en1
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