Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-069"
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"en.20101110.14.3-069"2
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"Mr President, the EU-US agenda is as full as ever and both parties should use the opportunity to advance common positions on issues such as financial regulation, climate change, the deepening of trade ties, nuclear proliferation and the fight against terrorism. The economic recovery, however, has to be issue number one on the agenda.
The transatlantic economic relationship is vital to global prosperity as the bilateral trade of our two economies represents almost USD 4.3 trillion. Our economic partnership is a key driver of global economic prosperity and represents the largest, most integrated and longest lasting economic relationship in the world. Together, our economies account for half of the global economy. Therefore, we need to devise common strategies on the further actions we are going to take to ensure stable recovery from the crisis, including regulating the financial markets, the stimulus packages, and strategies to curb currency manipulation of other major global economies.
On the other hand, we should reconsider whether holding biannual EU-US summits is a good idea. President Obama’s decision not to attend the previous summit in Madrid earlier this year exposed the excessive EU synergy. By insisting on frequent bilateral summits, we risk devaluing them to the extent that they will become irrelevant."@en1
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