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(Consultation procedure)
The European Parliament ,
– having regard to the Commission proposal to the Council (COM(2006)0486)(1) ,
– having regard to Article 93 of the EC Treaty, pursuant to which the Council consulted Parliament (C6-0319/2006),
– having regard to Rule 51 and Rule 52(3) of its Rules of Procedure,
– having regard to the report of the Committee on Economic and Monetary Affairs (A6-0148/2007),
1. Rejects the Commission proposal;
2. Invites the Commission to withdraw its proposal;
5. Instructs its President to forward its position to the Council and Commission.
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