Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-063-000"
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"en.20111013.4.4-063-000"2
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"Madam President, ladies and gentlemen, we could sum up our debate by saying that, while Athens is weeping, Sparta is not rejoicing, in the sense that both Europe and the United States are going through a serious crisis, and both are struggling to come up with the solutions needed to overcome the crisis.
The world is certainly sending some undesirable signals with regard to the approach we must take in order to relaunch the economy, with our focus being mainly on regulating the financial markets and, to a lesser extent, on the possibilities of developing the global economy. We have to move away from the debate between those in favour of economic rigour and those who support growth, because Europe and the rest of the world need rigour in the management of their public debt and public resources, but they also need to grow, and we need to be seriously concerned about the protectionist signals coming from the United States, from Argentina, from Brazil, with the introduction of new taxes, and from parts of the world such as the Mercosur countries, which are facing difficulties today.
We must therefore pay a great deal of attention and understand that the world markets have to be extended, safeguarded and broadened, and that we have to eliminate barriers in order to encourage growth. Mr Caspary’s proposal was very interesting, and I think that as part of the logic of opening up world markets, we should have a far-reaching Marshall Plan, a new Marshall Plan for developing countries, so that they can compete with the major players that compete with us. On the same day that the House rejected President Obama’s plan containing the ‘Buy American’ provisions – which we oppose – the United States Senate passed a law on the issue of the yuan and the strengthening of the yuan against the dollar.
These are also measures which must be seen in the context of a new way of managing world monetary policy. Alongside an open global trading policy, we need to safeguard EU interests, and we also need a new Bretton Woods agreement to define the world’s monetary framework."@en1
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