Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-516"
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"en.20101020.21.3-516"2
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"Ladies and gentlemen, Europe has become a victim not just of the financial and social crisis. We are also experiencing a huge crisis in public confidence. Both in Lithuania and throughout Europe, we must regain public confidence in our financial and political institutions and establish a viable and sustainable financial system, which would offer protection from future crises. We need a transparent, multi-level regulation mechanism, based on healthy morality, which would serve the general public.
The financial crisis dealt Lithuania a particularly severe blow – in 2009, our economy shrank by 15%. In drawing up a crisis exit strategy, we should take regional features and the varying impact of the crisis into account. I welcome the fact that the special committee stresses the importance of cohesion instruments crucial for providing assistance to the EU regions that need it most. They may help us overcome the consequences of the crisis by supporting essential investment in infrastructure, businesses and job creation.
The success of the recovery also depends a lot on the success of the EU 2020 strategy. It is important for any long-term EU investment strategy to be concerned with maintaining competitiveness and strengthening the internal market (one of the main engines of European growth)."@en1
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