Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-14-Speech-1-200"
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"en.20090914.27.1-200"2
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"Mr President, Commissioner, it was exactly a year ago today that we witnessed the collapse of the financial institution Lehman Brothers. Then, according to the experts, we were on the verge of a financial collapse, and we were on the threshold of another great depression.
The financial crisis intensified and extended to the real economy, and we have lived through a period in which we have had negative economic growth and job losses.
However, developed countries are beginning to come out of the crisis. France and Germany have done so, for example, and the Commission presented its economic forecasts today, which show that in the second half of the year, the European Union will come out of the recession.
However, the less developed countries are in the midst of the crisis and will continue to be there for a long time. They did not cause the crisis, but they are suffering the consequences of it more than anyone. They are suffering the consequences with less growth, faster growing unemployment, less direct investment, less foreign credit, less money sent back by emigrants, less official development aid and, of course, more trade restrictions.
We have lived through a period during which our stability has declined and our comfortable situation has declined in a limited time, but they are in danger of losing a decade in the fight against poverty, and a decade means that an entire generation is lost.
We can do a great deal for them on many aspects, and I would like to specifically focus on confronting protectionism. Last week, the Commission presented its fourth report on trade restriction measures, which shows that many countries are adopting new restrictive measures, which is disastrous for developing countries.
Also, many developed countries will not fulfil their commitments to official development aid at the very time when we need fresh resources more than ever to confront the seriousness of the crisis.
I therefore propose that we increase the coordination of this development aid with a broader agreement between donor countries, financial institutions and partners, and manage it more efficiently and transparently so that it does not generate costs and is not a bureaucratic burden.
I urge the Commission, I urge the Commissioner, to implement the plan that it has presented to us, which I am sure Commissioner Almunia will agree with."@en1
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