Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-07-15-Speech-3-052"
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"en.20090715.5.3-052"2
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"Mr President, firstly I should like to say to Mr Reinfeldt that our Group of the Alliance of Liberals and Democrats for Europe will fully support the priorities of the Swedish Presidency, that is to say, the ratification of the Treaty of Lisbon, which we naturally expect to be implemented quickly and in full; the preparation for the climate-change summit in Copenhagen, which has already been mentioned and which is a priority that we fully support; and, lastly, the Stockholm Agenda.
Furthermore, and this is the subject of my speech, Mr Reinfeldt, I should like to refer to an issue that is addressed in every speech in this House – the fight against the economic and financial crisis – in order to say to you that you are assuming the leadership of the European Council at a very precise moment in time. It is a good thing that it is Sweden that is chairing the Council because you have specific experience in this area. In the 1990s Sweden experienced exactly the same economic crisis that we are experiencing now throughout Europe and the world. You have experienced a crisis in the real estate sector. In the 1990s you also experienced a financial crisis, and you resolved all these problems by directly tackling the problems in the financial sector.
My message to you is that you must act in exactly the same way today at European level because that is what we are lacking. We are trying to combat the economic and financial crises using 27 different approaches in the various countries, and that will never work.
We expect you, Mr Reinfeldt, to use the experience you gained in Sweden, because it was a success, unlike in Japan, which has been economically stagnant for a long time. Sweden came out of the crisis because you immediately tackled the problems in the financial sector, something which is not being done for the time being in Europe. The thinking is that the United Kingdom can nationalise the banks while others – France, in particular – can recapitalise them. In Germany, work is under way to create ‘bad banks’; in the Benelux countries a bit of everything is being done at the same time. The result is that there is no single approach. The United States is stabilising its banks and eliminating the toxic products while we continue to have problems.
My request to you, therefore, is to take advantage of your experience in order to present a single rescue plan for Europe’s financial sector, which will form the basis of the economic recovery. Without it, there will never be an economic recovery; the banks will not starting lending money again, and so on. This must be your absolute priority.
The second point is that we hope that you, together with the Commission, can also present a new recovery plan, because 27 different recovery plans will not produce the necessary results in the coming years. It is absolutely essential that the Council and the Commission together take the lead in this. I know there are now 27 recovery plans at national level, but we see a number of protectionist measures inside those national plans. It is your responsibility, Mr Reinfeldt, to say to your colleagues that a better way to deal with this is, together with the Commission, to devise one single recovery plan and to invest in sustainable energy and in the new economy.
I think that, with your experience in Sweden during the 1990s, you are the right man in the right place to do what we have not done so far: devise a single strategy in the European Union to combat this economic and financial crisis."@en1
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