Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-228-000"
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"en.20111024.20.1-228-000"2
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"Madam President, I would like to underline that the European leaders are going to make strong proposals this week in order to get Europe out of the crisis. Having said that, Mr Hökmark is right to underline the importance of global economic governance, which is a very important contribution to all the governance problems on the different continents. As a Commission, we share many of Mr Hökmark’s recommendations. I would also like to thank the Members of Parliament who have taken part in the discussion and made contributions to this topic.
The current crisis was a real watershed in global economic governance. Before 2008, nobody could have imagined the large advances made in bringing economies together or the G7 coordinating a policy response to a recession or an economic slowdown. This is no longer the case. The G20 has taken its place and has become a prime forum for international economic cooperation.
However, more is needed to counter the current slowdown and this will be discussed in Cannes shortly. More is also needed to strengthen global governance and, as stressed in the report, the EU should play a leading role in this economic governance reform. We can only do that if we also lead by example and that is what our Heads of State and Government are going to do this week.
President Barroso said in his speech on the State of the Union in this House that it is also time to have unified external representations of the euro area with the strengthening of the internal governance. I am thinking here of the ‘six-pack’. We now need to move towards a more unified external representation of the euro area in international financial institutions like the IMF, and the Commission will soon make proposals in this regard."@en1
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