Activities of Sergio Gaetano COFFERATI related to 2012/2306(INI)
Plenary speeches (1)
Annual report on competition policy (debate)
Shadow opinions (1)
OPINION on the Annual Report on EU Competition Policy 2011
Amendments (6)
Amendment 1 #
Draft opinion
Paragraph -1 a (new)
Paragraph -1 a (new)
1a. Takes the view that enforcement of the law on state aid should seek to achieve the objectives set out in the EU2020 strategy, in particular by allowing investments in the real economy and fostering a greater concentration of resources in research, innovation and sustainable development;
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that the European market for electronic payments is still fragmented both across and within national borders; takes the view that standardization should include measures necessary to ensure a more open, transparent, innovative and competitive single market that brings advantages to all consumers with regard to mobile payments, interoperability, costs and portability; therefore asks the Commission to assess the possible ways of bringing new entrants - banks or non-banks - into the European market for card, internet and mobile payments while taking account of future technological innovations in this sector; believes that the supervision of multilateral interchange fees needs to be strengthened and welcomes the proposals set out in the Single Market Act II relating to a revision of the Payment Services Directive and a legislative initiative on multilateral bank charges;
Amendment 6 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Approves the Commission's intention to remain vigilant with regard to the transparency of financial markets, but believes that an extra effort is needed to ensure that timely, reliable and high quality information is provided, especially for the derivatives markets;
Amendment 7 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1c. Believes that competition between companies must take place within a framework which ensures that consumer rights are effectively respected and that a collective redress system and alternative dispute resolution system are vital tools for this purpose;
Amendment 12 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Notes the lack of an effective legal system for the compensation of damage caused by breach of the competition rules. Fines for breaches of these rules are paid to the Member States, while the consumers directly affected do not receive any compensation, when a European fund made up of the fines awarded could cover the cost of transnational class actions;
Amendment 17 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Considers that, alongside its relationship with the European Parliament and the Economic and Social Committee, the Commission should also better structure its cooperation with consumer organisations and that this relationship should be considered an important aspect of the monitoring of the competition rules; for this reason, the dialogue between the Commission's DG Competition and these organisations should be encouraged and stepped up.