Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-25-Speech-3-288"
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"en.20090325.27.3-288"2
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"Ladies and gentlemen, I congratulate Mr Millán Mon on a useful and inspirational report on the state of transatlantic relations. As there is no time here for a detailed analysis, I would like to make just a few comments. Firstly, the text of the resolution in point B should not state with such certainty that the Lisbon Treaty will come into force. We still do not know that. Secondly, in the sections which talk correctly about the need to reform the international financial system, the World Bank and the IMF, the requirement for reform and strict regulation of rating agencies is missing. These agencies gave banks and insurance companies the maximum positive rating of Triple A even at a time when they were full of toxic assets
bankrupt and paying out billions to their managers. Thirdly, in point 24 a reference is made to the report from a US panel of 16 news agencies on global trends in the period to 2025. I should point out that similar analyses have also been produced in Russia and China but the report does not take sufficient account of these reports. China should anyway receive more attention. I would like to point out that according to the Financial Times last week, the three biggest banks in the world, measured by market capitalisation, are Chinese. China’s GDP is catching up with that of the US. The EU should adapt its behaviour accordingly. Fourthly, in points 31 and 32 there is a series of precise plans concerning Russia. There is talk of the need for constructive cooperation, but already in point 33 the EU and the US are called on to develop a joint strategy in respect of six countries of the former Soviet Union where Russian is widely spoken and where there is also a Russian population. Ladies and gentlemen, according to the report, this strategy is to be implemented without the Russian Federation. If so then I fear we are unfortunately not talking about constructive cooperation but about planting the seeds for a series of conflicts and I hope we do not want that."@en1
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