Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-23-Speech-4-360"
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"en.20090423.62.4-360"2
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"Ladies and gentlemen, thank you very much for the discussion. I would like to state clearly that I agree with Mr Daul, who identified the avoidance of protectionism as a key factor. Protectionism works like a cancer and it could completely destroy our economy, turning against EU citizens and leading to a deepening economic crisis and a further decline in living standards. I also agree very much with Mr Daul’s call for a transparent economy with effective and sensible levels of regulation and of course stronger global financial institutions.
Mr Rasmussen and Mrs Starkevičiūtė talked of pouring money into the economy. I must emphasise here that we are not pouring money into the economy in order to assist financial institutions. Inasmuch as we are doing it, the aim is to boost employment and to help people hold on to their jobs, because we all agree that the most dignified way for EU citizens to secure a living is through their own work. At the same time, however, in implementing these financial stimulus measures for the economy we must think not only of ourselves but also of our children and grandchildren. In other words these measures must not lead to any dramatic long-term threat to the stability of public finances. Our efforts must be focused on protecting employment and therefore the European Commission in cooperation with the Presidency will organise an employment summit where the top priority will be measures in the area of employment.
I would like to voice my disagreement with Mrs Lucas. I completely disagree that the G20 summit was a lost opportunity but I must challenge all of us to show some political realism. The current economy is sick. It needs a cure, it needs first aid, it needs long-term care and it needs a period of convalescence. We must not expect positive results to appear suddenly over the next three to four months. The problems affecting the global economy – and therefore the European economy too – are deeply-rooted and long-term in nature. Therefore the treatment must be long-term as well and it will require patience. I firmly believe that from this perspective the G20 summit represents a positive step.
Mr Wurtz criticised the superficiality of the financial market agreements. I agree that in many respects the EU must go deeper and I also firmly believe that this is happening. We must not look only at the steps taken by heads of state and government leaders, but also at those of finance ministers, which are very often consigned to annexes of various documents. I would also like to emphasise that the European Commission has already discussed further specific measures this week. However, I would again make a call for realism. We cannot expect miracle cures to be found within the next three or four months. The world economy is in trouble and the cure will be very long-term. It is essential to emphasise that even within an EU framework we must proceed in a coordinated manner. None of us exist in isolation. Only through coordinated action can we successfully overcome the effects of the global economic crisis."@en1
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