Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-350"
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"en.20111115.27.2-434-350"2
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"The current financial and economic crisis is obliging society in general to reflect on all administrative and legal procedures involving economic activity. One of the problems affecting modern societies is companies being in business: when growing, these generate wealth and create jobs; when in recession, they throw millions of workers into unemployment, with social consequences of which we are all aware. One of the causes of unemployment is companies going out of business, often through insolvency. Currently, every Member State has its own legislation on this subject, so it is crucial to harmonise insolvency procedures at EU level in the spirit governing the workings of the single market. The recommendations of this report, drafted by Mr Lehne, which will serve as guidelines for the Commission, come under four headings: harmonisation, wherever possible; revision – and improvement, where possible – of the Insolvency Regulation; improved cooperation from liquidators and in general; and creation of an EU insolvency register. I voted for this report because I believe it will contribute to making EU companies run more smoothly."@en1
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