Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-04-Speech-4-152"
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"en.20081204.20.4-152"2
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".
(
) The fourth largest economy in Asia is being battered by the international financial crisis. Memories of the Asian currency crisis of 1997 are reawakening. While on the one hand the South Korean Government is more confident today because rapid action was taken, now there is also a crisis in Europe and USA, which makes the situation that bit more serious. Nevertheless the OECD is of the opinion that Korea will recover in the foreseeable future, the weakening Won will encourage exports and the reflationary measures will boost domestic demand.
Economic relations between the EU and Korea ought therefore to remain intact, as a result of which it makes perfect sense to set certain ground rules despite the difficult nature of the current situation. All too often only the interests of the investors are protected in economic agreements, therefore the EU must take care that employment regulations and social and environmental standards are also given sufficient consideration. This is not stated clearly enough in the report forming the basis for the vote, for which reason I have withheld my vote."@en1
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"DE"1
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