Charlie McCreevy Reached Quotations

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.

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." ()

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