Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-233-000"

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"en.20111025.25.2-233-000"2
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"Mr President, in recent years, the current global economic crisis, which is even worse than the Great Depression, has caused unsustainable imbalances in international economies. The commercial disparities between countries, financial markets lacking common rules, and the instability of the banking system all constitute a potential threat to financial and economic stability. This resolution, which I support, stresses the urgent need for total reform, with new rules and global economic coordination. The economy needs a system of global governance, open markets, high economic and social standards, a more responsible monetary policy and more stringent supervisory policies; decision-making bodies and international economic bodies must be the main stakeholders driving this new approach. In particular, Europe needs a clear and transparent framework to reduce the instability that has been aggravated by, among other things, globalisation, and to guarantee wide-ranging reforms aimed at fostering growth and reducing the debt of individual Member States. This is the demand that the current resolution highlights to all the countries."@en1
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