Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-410-000"
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"en.20111025.25.2-410-000"2
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"I voted in favour of this report and I would like to praise the excellent work by Mr Hökmark. The current economic crisis has, in fact, pushed the leading economic powers, including the European Union, to rethink the global economy management model, which has made it necessary to have a common approach to monetary policy, international trade, sustainable public finances and flexible currencies based on economic fundamentals. Only multilateral management of the global economy and trade will make it possible to prevent further economic crises and reduce the negative impacts to a minimum.
I am convinced that the EU should play a leading role in this scenario, supporting the process of reforming global financial governance and intervening unilaterally in international economic affairs, including through stronger foreign representation abroad. I believe that by acting in a coordinated fashion, the EU can, on the one hand, revive international commercial economic cooperation to include the BRIC countries (Brazil, Russia, India and China), and, on the other, make a decisive contribution to reforming the International Monetary Fund and the World Bank, expanding their institutional coordination action on a global level."@en1
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