Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-08-Speech-4-133"

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"− I am pleased with the agreements concluded at the G20 Summit in Pittsburgh. I am sure that they are a step in the right direction. The immediate priorities must be to ensure the robust and sustainable growth of the real economy, guarantee that the credit and capital markets are functioning well, support and promote employment and protect people from the negative impact of the crisis, paying particular attention to the poorest and most vulnerable. The rapid increases in the public debt and budget deficits are worrying. The importance of establishing public finances that are sustainable in the long term must be reinforced in order to avoid overloading future generations. Nonetheless, the lack of assessment of the main failures of regulation and supervision that caused the financial crisis is regrettable. It is a priority to understand what happened at that level and thereby avoid repetition of the errors of the past."@en1

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