Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-285"
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"en.20090311.30.3-285"2
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"− I can only congratulate my colleague Elisa Ferreira on her report on the European Economic Recovery Plan. I would endorse the sentiments of Poul Rasmussen that we have not yet done enough. The bail out of the banks was a necessary but not sufficient step. We must also take steps to deal with the problems of the labour market. Work-sharing must be encouraged and when short time is demanded, we should encourage maintaining hours at the workplace by utilising the time for training to improve skills.
The real crisis is not in the subprime mortgage market but rather in the ten times larger casino economy of the increasingly esoteric and fantasy world of the derivatives market, which needs to be brought under control. I therefore welcome moves to control tax havens and to introduce an EU-wide financial transaction tax to overcome the worst consequences of the crisis, mitigate speculation and raise finance to help us stay on track to achieve the Millennium Development Goals."@en1
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