Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-251"

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"en.20101111.21.4-251"2
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"I endorsed the resolution in which the European Parliament presents its recommendations to the Council on the way in which transatlantic issues should be addressed at the forthcoming EU-US summit. Given the weight the European Union and the United States carry in the global economy, and the current economic situation, it seems crucial for the two partners to step up their cooperation in order to promote growth and jobs. That is why I endorsed, in particular, the two oral amendments tabled by my colleague, Mr Brok, which stressed the need for better coordination of monetary policies within the context of transatlantic relations. Those two amendments should be considered in conjunction with the debate that is beginning within the G20 on the risks posed to all the world’s economies by the ‘currency war’ and any national monetary initiatives that could throw exchange rates out of balance. All ‘competitive devaluations’ and all ‘competitive undervaluations’ should be avoided, because they harm necessary international economic and monetary cooperation."@en1

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