Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-16-Speech-3-999"

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"Mr President, the market economy is a good slave but a bad master. Recently, though, the roles have become rather confused. It is the custom at international conferences to speak trivia, but now we need action, and fast. The world now has a historic opportunity at the Pittsburgh G20 Summit to agree once again on the rules of the global economy. There has been a lot of talk in the press about bankers’ bonuses, but they are only the tip of the iceberg. The global economy is in need of complete renovation and the keyword is transparency. We have to try and do away with the risk economy and move towards the real economy. Only binding international rules can guarantee that there will be no repetition of the casino economy we have witnessed in recent years. In future, the taxpayer should not be made to pay for the damage. There is always the risk with mechanisms like wealth taxes that someone in the global economy will turn out to be a freeloader. I think, however, that we should at least look into how relevant they might be."@en1

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