This proposal will tie student grants like those of the Millennium Scholarships to Canadian student loan programs rather than the current formula, which treats them separately.

12. while calling for progress in removing the other barriers identified in the Giovannini Group's report on Cross-Border Clearing and Settlement Arrangements in the European Union of November 2001, strongly reiterates the need to improve the post-trading infrastructure both with a view to price transparency, and competition as to the public interest of clearing and settlement security; welcomes the progress being made in implementing the Code of Conduct which will deliver those aims and which will also support Article 34 of MiFID, requiring stock exchanges to provide all their users with the option of designating the settlement system with which they wish to settle their transactions in the event of cross-border share transactions; inten ...[+++]ds closely to scrutinise the developments surrounding the Code of Conduct as well as the TARGET2 Securities project in this context, emphasising the governance and supervision needed to cope with conflicts of interest; calls on the Council and the Commission to launch, without further delay, the initiatives required to remove completely the obstacles under the control of the public sector, relating to the legal and fiscal barriers identified in the Giovannini Group's report and in the areas not covered by the Code of Conduct;

7. Regrets the fact that the High Level Group takes the same approach to all businesses and shareholders and considers that in order for these objectives to be achieved, instead of adopting a uniform approach to all businesses, a distinction should be drawn between those listed on the stock exchange, companies not listed on the stock exchange and particularly small and medium-sized businesses in this category;

16. Regrets the fact that the High Level Group of Company Law Experts appointed by the Commission in September 2001 takes the same approach to all businesses and shareholders and considers that in order for these objectives to be achieved, instead of adopting a uniform approach to all businesses, a distinction should be drawn between those listed on the stock exchange, companies not listed on the stock exchange and particularly small and medium-sized businesses in this category;

The first is to organise meetings involving young people to discuss questions that directly concern them, such as Erasmus-type grants or the full and mutual recognition of qualifications, as well as broader subjects – we could call them more civilisation-related issues, like those that were recently discussed in Porto Alegre, under the alluring title ‘Another world is possible’.

Nine lines of action The Green Paper, which will be comprehensively reviewed by the main parties concerned in the coming months, puts forward nine lines of action: - a legal framework for the situation of "student/trainee" and volunteer in the European Union (EU) to solve the problems of social security and taxation hampering mobility; - standard treatment for researchers on a grant in the all the Member States, either through the recognition of an identical condition or the application of similar measures throughout the Union; - social protection for anyone wanting to travel in the Union as part of training or studying, this facility ...[+++]already being accorded to people moving in the EU for the purposes of employment; - a European area of qualifications through mutual recognition of studies and training courses in another Member State; - abolition of the "territoriality" of grants, thereby allowing the least privileged to train or study in another Member State; - equal treatment of EU citizens and third county nationals residing legally in the Member States; - reduced socio-economic problems by granting aid to the most needy to enable them to undertake periods of training in other countries; - encouragement to learn languages, even those less widely spoken; - better information on existing possibilities and raising of public awareness of the advantages of mobility in training and studying.