Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-16-Speech-3-025"
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"en.20090916.4.3-025"2
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"Mr President, currently, one of the most popular topics, at least on the news tied to the G20 Summit, is that of bonuses. It is evidently a much talked about issue, yet we have to understand that the actual problem is rather more complex. What has to be said is that if these bonuses are to put the financial system at risk then, undoubtedly, they must be checked. However, we must keep in mind that there were large deficits in the external trade between countries that led to this crisis, as well as other internal fiscal deficits.
We must also take employment into consideration. We know that the employment lag approximately requires about a year or so to catch up with the impact of previous GDP performance. Therefore, when analysing employment issues, fiscal stimulus packages that are applied must keep being applied until positive results begin to emerge. The Commission should ensure that there are no inconsistencies and should require that a reduction in deficit be registered before doing so."@en1
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