Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-411-500"
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"en.20111025.25.2-411-500"2
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"Global imbalances constitute a potential threat to financial and macro-economic stability, especially when excessive, and may have repercussions for other economies. Imbalances stemming from structural misalignments and a lack of competitiveness in national economies should therefore be addressed by both surplus and deficit countries. I therefore believe that global understanding and a common approach are necessary in relation to monetary policy, to international trade, to sustainable public finances and to flexible currencies based on economic fundamentals. I would also argue that the global economy should be characterised by open markets for the mutual benefit of all participants. I voted for this report as I believe in the positive effects of a stronger economic governance framework in the EU and the euro area for global cooperation and coordination."@en1
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