Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-24-Speech-3-091"
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"en.20101124.7.3-091"2
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"Mr President, the announcements of the results of the G20 summit were important, there can be no doubt of that; however, a second reading raises important questions on certain points.
To be precise, twenty developed countries sent a strict warning to every country which is applying uncoordinated economic policies, and all this is at a time when one economic policy is being applied by the United States, with quantitative easing, another is being applied by the Member States of the European Union, opting for austerity at the moment, and yet another is being applied by China, which has chosen to keep its currency undervalued.
What I am trying to understand, therefore, is this: what is the point of such a statement and for whom is it ultimately intended? I find it very hard to believe that this message is addressed at countries of little importance to the global economy. If, however, the G20 made such a statement for their own benefit, then we really do need to consider that there is a very serious issue of political conspiracy at a time in the economy when instant reaction is needed."@en1
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