Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-106"
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"en.20081021.7.2-106"2
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"I consider the discussion on the extent and rate of improvements to environmental, social and other standards, along with the revision of European regulations, to be a key issue for resolving the economic recession which the European economy is now facing. Mr Schulz has quoted here with ridicule the undertakings of the Commission and the Council, but Parliament too can reduce the over-regulation of the Union. It is precisely the added negative value which undermines the competitiveness of the EU at a global level. The automobile, electronics, glass, textile and other industries do not need an injection of funds: they need sensible levels of regulation. The financial crisis is not the result of a lack of regulation, but the failure of control mechanisms. That is what failed to protect investments and what threatens employment. The same thing applies to regulations at a global level. The crisis and the global economic recession offer an opportunity for developing a more thorough set of regulations for global markets and not just European ones, with the aim of achieving long-term sustainable, environmental and socially acceptable development. This is the environment which we must create for Europeans at a global level as well. Otherwise I welcome the agreement of the Council on the energy package."@en1
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