Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-225-000"
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"en.20111024.20.1-225-000"2
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"Madam President, at a time when European and global economies are facing an uncertain and difficult future, this is a very timely report. At the heart of two summits, the EU summit on the future of the euro area and the G20 summit, the proposals of the Hökmark report are intelligent and well-balanced, and they deserve the attention of global leaders attending these summits. What should we expect from these changes? For the economy to improve, we need consistency and cooperation between countries. We need tighter financial regulations, as well as trade agreements. Both the G20 and the IMF are important institutions that deserve a change that would make their governance structures more effective. There is a need for reform within the IMF, so that the BRIC economy gets the say it deserves in today’s world. The G20, which, at the moment, serves as a useful talkshop, needs a binding legal base. The recommendations on global financial operators are important; now is the time to make the separation between traditional and investment banking. Global economies, especially in the West, are going through a rough period. There is a general lack of self-confidence. It is crucial for these global institutions to adapt to today’s needs."@en1
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