Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-038"
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"en.20100616.4.3-038"2
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"Madam President, the free market is something which is of great value. When there are insufficient regulations to guarantee its proper functioning, and there are no institutions which safeguard these regulations, a problem arises and a crisis inevitably follows. This can be seen clearly, today, in Europe. It can also be seen at world level in the banking sector, where just such regulations and a sense of responsibility were missing. For the free market to function well, it is essential to have institutions which safeguard fundamental principles as well as the trust which has to be the key to operating in the world of business and commerce. Without it, unfortunately, the effects will be deplorable.
As for the 2020 strategy, it is worth noting that to date, no analysis has been made of the failure of the Lisbon Strategy, which was adopted with a great fanfare 10 years ago. Now, without reflection, we are adopting a new strategy. This is a mistake. I think such an analysis should be made, so that the 2020 strategy does not see a repeat of the series of unsuccessful experiments seen by the Lisbon Strategy, which many greeted with huge hopes for a great European success. More regulations, more responsibility and the opportunity for trust as part of the operation of the free market – this is what Europe needs today."@en1
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