Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-01-13-Speech-2-196"
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"en.20090113.22.2-196"2
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"What I take from Mrs Gottardi’s report on public finances is that it has learned no lessons from the world crisis.
Mrs Gottardi qualifies as ‘market failure’ and ‘insufficient supervision’ what is in reality the failure of a system which, for years, has been imposed upon us: that of deregulation, of extreme world-wide free market philosophy, of absurd financialisation of the economy, where the market rules and is supposedly self-regulating. The vague cosmetic touch-ups decided on at the G20 or in Brussels will not fundamentally change the situation. We need to call into question the economic dogmas to which we are still subject. The crisis has shown that complete freedom of movement for goods, services, capital and people leads not to prosperity but to catastrophe. It has also shown that the Nation-State is the appropriate and effective level for decision, action and reaction, even if Mr Sarkozy felt he had to be accompanied everywhere by Mr Barroso to make people believe that the European Union was useful in this situation.
In this context, the rapporteur’s good advice on the management of public finances and her call for compliance with the Stability and Growth Pact are, unfortunately, of little use."@en1
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