27 ordspråk av Charlie McCreevy

Charlie McCreevy

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Lots of member states seem to be wanting to put up unjustified barriers.

They will also increase cross-border competition to the benefit of investors and issuers alike.

With the broad consensus reached on key aspects of this proposal the European Parliament has provided us with a solid basis for going forward.

I would like to welcome the vote reached today in the European Parliament. I know that this has been the subject of a lively and vigorous debate.

I am a firm believer in the benefits of open markets and the free movement of capital.

We have not yet reached any definitive view on the precise measures we would propose to remedy this situation.

It's obvious that even from the very start they were a great success. The purpose behind them was to encourage people to save and it has done that.

I'm afraid that if this (national protectionism) takes root it's going to result in tit-for-tat retaliation.

No-one contests the need to address the high cost of and the corresponding difficulty of having access to cross-border clearing and settlement in the EU. We have not yet reached any definitive view on the precise measures we would propose to remedy this situation. It is clear, though, that the present system is untenable. Changes are going to have to be made. We believe the industry recognizes this as well and we would encourage them to be a part of the solution and not the problem.

I think that we will have to initiate measures against Spain. I and my colleagues in the ... commission will use every tool in the box to tackle member states who dream up new protectionist means or who seek to erect unjustified barriers to prevent cross-border deals.

I think that we will have to initiate measures against Spain.

We should proceed against all these countries.

You could make the case that this is part of a big battle, which is going to get worse.

The danger is, if we're not very frank and strong about this, there will be tit-for-tat arrangements. You get into a situation where it becomes an epidemic.

France knows how to work the system. But countries shouldn't come to Brussels and sign up to the internal market and then do the opposite. It is hypocritical.

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