Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-415-750"
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"en.20111025.25.2-415-750"2
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"I support this resolution because we can now clearly see that irresponsible fiscal policy has led to the debt crisis, which is affecting the entire globe. I completely agree with the emphasis the report places on the fact that global imbalances constitute a potential threat to financial and macro-economic stability. Reforms in global economic governance are essential, but politicians must abide by the law and by agreements that they have signed. Members of the International Monetary Fund (IMF) must adhere to the IMF’s Articles of Agreement. We see how non-compliance with the Maastricht criteria has now placed Europe in a very grave situation. States must abide by their commitments. I also agree that member countries of the World Trade Organisation must do everything possible to develop international trade. At a time of low economic growth, the liquidation of various obstacles to trade could form the cornerstone of powerful economic growth. I firmly hope that the recommendations made in this resolution will be seriously considered at the G20 summit. This is a time of challenge, and the future relies solely on us. I should like to thank the rapporteur for his work, since I believe that the European Parliament has adopted a resolution containing good recommendations."@en1
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