Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-24-Speech-3-090"
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"en.20101124.7.3-090"2
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"Mr President, ladies and gentlemen, the extent of the world crisis, and social and environmental imperatives call for resolute action from the European Union at the G20, on the basis of declarations of intent on the regulation of international finance.
Firstly, the World Trade Organisation negotiations must not turn the world into a capitalist jungle but must apply social, environmental and job creation standards to the trading system. They must tackle the scourge of unemployment, which currently affects more than 250 million people on the planet, by putting an end to the current austerity policies.
From the opposite perspective, tax havens must be closed down and a mechanism invented for taxing capital movements; an international fund must be created to stabilise commodity prices, starting with the prices of agricultural commodities; the international monetary system must be overhauled, with a new role for the International Monetary Fund in the areas of employment and sustainable human development, and with the creation of a universal world currency to challenge the rule of the dollar.
Similarly, this scandalous state of affairs that sees credit rating agencies be the judges in their own case, for the sole benefit of the banks, must be stopped. The people must be able to have their say on all these issues, which affect them."@en1
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