Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-16-Speech-3-032"
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"en.20090916.4.3-032"2
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"Mr President, ladies and gentlemen, the crisis that we are going through is profound and long lasting. It is therefore urgent and absolutely essential to put in place the necessary regulations and supervision of the financial sector and the banks, to prevent an even more drastic repeat of today’s crisis. The financial system must once again serve the real economy and not continue to destroy it.
From this point of view, the last G20 Summit in London, which has been mentioned, ended in what were, to say the least, partial proposals, but, above all, the words have not been turned into deeds, and the financial drift is there once again.
In view of this situation, and so that the Pittsburgh G20 Summit really is useful, the European Union must defend strong regulatory measures that have real consequences. Beyond the essential measures to supervise finance listed by a number of my fellow Members, I personally would like to raise the issues of trade and development, because in Pittsburgh there will also be talk of relaunching the Doha Round. Relaunch it, yes, but with the condition that the initial and central objective of this Round, that is to say development, is not sidelined again. Our southern partners, quite rightly, will not accept that their concerns continue to remain unanswered.
The issue at stake in this G20 goes beyond that of the financial crisis: it is about laying the foundations of new global governance."@en1
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