Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-22-Speech-3-038"
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"en.20090422.4.3-038"2
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"Madam President, Commissioner, at the beginning of the month we were told that all remedial measures against the financial crisis have been taken. The budget of the International Monetary Fund will rise by as much as USD 500 billion, which means it will treble in size. The World Bank will be USD 100 billion richer, and USD 250 billion has been set aside for subsidising international trade. There is to be a supposedly more stringent supervision of the finance market and control of tax havens and bankers’ salaries. President Obama said that the recent G20 summit will be a turning point in the pursuit of global economic recovery.
On the whole there is probably nothing to worry about, although perhaps there is one exception. Why did world leaders wait so long to bring in their elaborate emergency support plan, and why did they not condescend to bring about global economic recovery earlier? Did they not have that trillion? The fundamental question is, therefore, where did that trillion come from? From the sale of 400 tonnes of gold? It would appear that in official communiqués not a word is said on this subject. Perhaps the money was borrowed from a bank? Since there will now be a recovery — and here I direct my request to Mr Barroso and Mr Topolánek — perhaps the leaders will hold another meeting and add another trillion, so that we will have a kind of ‘turbo-recovery’."@en1
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