Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-10-Speech-3-636"
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"en.20100210.33.3-636"2
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"Madam President, Commissioner, ladies and gentlemen, the financial crisis has indeed had a detrimental impact on trade in the European Union Member States. For example, in countries like Bulgaria, exports for the first 11 months of last year fell by a whole 24% compared to the previous year, and imports by 35%. Property and tourism are sectors which have been particularly affected by this. This has an extremely powerful effect on employment. Consideration must be given to the sharp rise in business-to-business indebtedness, non-payment of national and local public contract organisations, etc.
The problems presented above are typical of other countries as well. A comprehensive solution is needed for them at EU level, which requires close cooperation between the European Commission’s various directorates too. Commissioner De Gucht emphasises the importance of support for expanding European companies’ area of activity and opportunities, deploying clear preventive commercial instruments, successfully concluding the Doha negotiations, using new facilities for direct foreign investments and their protection, as well as for a new investment policy against the backdrop of a financial crisis.
The achievement of these aims, along with the successful signing of the economic cooperation agreements with countries from Africa, the Caribbean Basin and Pacific Ocean region, is also closely linked to the recovery from the financial crisis.
However, a number of issues remain on the agenda, some of which have already been mentioned. Are we making effective use of European funding to combat the high level of unemployment? What can the European Union do faced with the current deficit, devaluation of the currency and high inflation, which are having a direct impact on trade? What commercial policy instruments does the European Union have available to tackle the financial crisis and its repercussions? What measures must be taken to avoid the recurrence of a crisis of such magnitude and for trade to continue expanding? What strategy do we have against countries like India and China, which are threatening to change the entire financial system? I am counting exclusively on this Europe 2020 strategy to find these answers."@en1
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