Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-077"

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"en.20101020.3.3-077"2
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"We have experienced the most serious social and economic crisis in the history of the European Union, the chief causes of which include global inequality, lax financial regulation and the permissive financial policy of the United States. I think that the European Union was a little late in responding to the consequences of the crisis. The first reactions of Member States were not in harmony with each other. In future, we will need appropriate economic management mechanisms in order to deal with times of crisis. For the sake of our security, we must ensure that the European Union can rely on its own strength. In my opinion, the work of the Special Committee on the Financial, Economic and Social Crisis is still necessary, since the crisis is not yet over and the financial markets have not yet stabilised. Member States must harmonise their budgetary policies and share these with each other. The internal market is one of the indispensable levers of growth, and hence the EU 2020 strategy must focus on long-term investments and employment. We need to strengthen the position of SMEs, since their essential work is the driving force behind research, innovation and growth."@en1
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