Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-150-000"

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"en.20110706.5.3-150-000"2
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"The crisis has kept the political boundaries intact but not the economic ones. It has also shown us that risk knows no boundaries. Hence, we need a broad and comprehensive approach rather than an ad hoc, case-by-case one. The only solution to be proposed with conviction, therefore, is that of a system of global governance that lays down common rules for all. We can build competitiveness, open up our markets and make them more efficient, but that will not protect us from future crises. No State or financial institution can consider itself safe, even if it is built on solid foundations, because of our interconnected economies. We have increasingly open and common markets, but we also have rules that differ from one State to the next, preventing the control and the supervision that the markets and the citizens are calling for. Common, blanket rules will not hinder the markets. Rather, they will give operators and investors more security and peace of mind. Europe must once again attract investment and manufacturing, and gain recognition as an international model of innovation and growth. Public and private financial institutions must do their best to ensure that the markets work to benefit the real economy and small and medium-sized enterprises. Unity and solidarity are essential if Europe is to successfully overcome the global challenge."@en1

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