Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-479"
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"en.20101020.21.3-479"2
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"The adoption of this complex report represents a very important step for the European community who are calling loudly for clear responses and quick solutions to overcome this difficult economic crisis. I voted in favour because the text adopted today includes principles that have always formed the basis of my group’s economic policy. I refer, for example, to the need for greater budgetary consolidation, reinforcement of the Stability and Growth Pact and completion of the single market.
I am, in fact, convinced that Europe needs radical transformation to double its growth potential and this result can only be achieved by greater coordination of Member State’s economic and fiscal policies. Before this, however, I consider it necessary to review the financial regulation sector that has proved not only fallacious but one of the main causes of the crisis. The EU must also quickly face up to various challenges, beginning with employment, the demographic challenge and the pension system. Even before this, we need to implement policies to support SMEs, the driving force and economic heart of Europe, above all, by promoting fiscal packages and incentives that allow easier access to credit."@en1
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