Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-406"

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"en.20100519.22.3-406"2
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"The 2020 strategy and the Lisbon Strategy have something in common: a belief that the economy must be managed. The Commission’s recipe of ‘competition or crisis’ unfortunately remains unchanged. The 2020 strategy states that easy access to credit and short-term thinking resulted in the behaviour which led to unsupported growth and major imbalances. However, further on in the text of the strategy, it states that the Commission will seek to improve access to capital and to make it easier for small and medium-sized enterprises to access finance. This has again sanctioned greater access to credit, which will again lead to speculation and unsupported growth. In 1991, the Malaysian premier of the time announced the Vision 2020 project, or Vavasan 2020 in Malaysian. According to this, Malaysia was to catch up with Great Britain, France, Germany and Japan by 2020. Ladies and gentlemen, planned economies do not work, as all of our colleagues from the new Member States, including the Commissioner, can confirm."@en1
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