Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-414-500"
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"en.20111025.25.2-414-500"2
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"Economic, financial and trade problems are manifesting themselves at global level. While there are developed countries with surpluses, on the one hand, there are countries with severe shortages, especially of food, on the other. This situation requires a shift in global economic governance. This report, drafted by Mr Hökmark, analyses global economic governance and prepares for the next G20 summit, which is a crucial forum for worldwide consultation, replacing the G7, but suffers from a lack of representation for smaller countries. At this summit, the EU should demonstrate that it has a fundamental role in carrying out this governance by tabling a set of measures that foster emergence from the crisis. Demanding greater transparency in international institutions, especially the International Monetary Fund (IMF), guaranteeing a flow of trade to emerging economies and adopting measures to correct structural misalignments are some of the proposals that the EU needs to advocate. I therefore welcome the adoption of this report, as it contains several proposals to strengthen global economic governance, in particular, reforming the international financial system and the IMF."@en1
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