Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-21-Speech-3-052"
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"en.20091021.2.3-052"2
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"Mr President, Minister, Commissioner, it is nice to see you here. I would like to mention two things ahead of the European Council summit. The first point I would like to raise concerns the climate. I think it is important to go into the negotiations with the goal that the best solution to the issue is a solution that involves everyone making a joint commitment. I say this because, in the debate, we sometimes talk as if it was a matter of formulating the best solution here in Europe or in a particular country. However, that is not enough if we are unable to get China, India and a whole host of other countries that are currently not involved in the joint climate commitment on board. This means that pragmatism and results must take precedence. This type of solution must also be based on all countries being prepared to make a commitment. It must not be the case that commitments and policies in other parts of the world are based on continued investments from Europe. They must instead be based on a sound economy, sound growth and the sound development of new opportunities – with the help of Europe and other wealthy countries.
My second point concerns the financial markets. I think it is important to emphasise that, more than anything else, stability on the financial markets requires what we call a stable macro-economy, in other words, stable public finances. This means that the debate about getting away from the large budget deficits is much more important than what individual financial market regulations should look like. However, it is also the case that stable financial markets require us to have stable growth, stable investments and the creation of new jobs. This means that, when we legislate on the financial markets, that legislation needs to involve better supervision, cross-border measures and transparency, but not so many regulations that investments and growth happen in other countries. That would put the stability of our own economy and our own financial markets under threat."@en1
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