Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-16-Speech-3-013"
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"en.20090916.4.3-013"2
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"Mr President, Minister, Commissioner, we clearly appreciate all the efforts that you have mentioned and which have, in fact, already gone quite far, but we want more. We want a number of the G20’s elements and commitments to be formalised. In particular, I would like to draw your attention to the gap between the rather encouraging figures in the financial sector and the terrible unemployment figures in the European Union. If we have long-term unemployment, we will have, firstly, a human tragedy, and also a burden on public finance and no hope of a recovery through consumption.
We, the Group of the Alliance of Liberals and Democrats for Europe, very much fear a Japanese scenario and a sort of sluggish growth for several years. I think that your country, Mrs Malmström, Sweden, has unfortunately also had experience of this. Please help us to take advantage of this experience.
For me, there are three essential tasks. Firstly, we have to carry on cooperating internationally, and carry on fighting against protectionism and strengthening global institutions such as the IMF. We cannot get out of this on our own. Europe must hammer home this message tirelessly.
Secondly, we must successfully put in place effective supervision and a much more demanding form of bank stabilisation. In this respect, we should be wary of the G20’s publicity stunts. There are executive powers, but there is work to be done at a legislative level and, for us, Mr Almunia, the Commission’s proposals on supervision are a step in the right direction, but they are not enough. Ultimately, we want more European entities. Then I think we will have to consider joint strategies for exiting the crisis while preserving the euro, making sure that the deficits do not place a strain on common monetary discipline.
To conclude, I would like to thank Commissioner Almunia for saying that he was in favour of the European Union as a body adopting positions in international institutions, thus defending the Community method. We are counting on you to make sure that it is not only the large States that make their voices heard, but that the whole of the European Union and the whole of the internal market are defended."@en1
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