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Debates
Tuesday, 27 September 2005 - Strasbourg OJ edition

Question Time (Commission)
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  Gay Mitchell (PPE-DE), deputising for the author. More than one million Europeans, including over 15 000 non-UK residents and many vulnerable pensioners suffered real losses totalling EUR 5 billion to their prudently built-up retirement savings in 2001, allegedly due to what has been termed 'serial UK regulatory failure' and not due to falls in the stock market.

The Commission has claimed that it is unnecessary for it to investigate the UK's national implementation since it finds that the UK is compliant today. This does nothing to redress the issue. Will the Commissioner investigate the case thoroughly with a view to instigating Court of Justice proceedings against the UK in this case?

 
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