Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-415-812"

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"en.20111025.25.2-415-812"2
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". I believe that the financial sector and the bond markets are important for economic development. However, in order to maximise their beneficial influence on the global economy, we must eliminate their shortcomings. The European Parliament’s report on global economic governance contains, in my view, actions that must be taken in order to develop not only this sector but global economic development as a whole. That is why I supported this report. Taking into account the interdependence of global economic processes, we must bring about closer cooperation between international organisations and supervision of the financial sector. This report contains policy recommendations for governance of the global economy and the financial sector, as well as recommendations for the reform of the international monetary and financial system and institutions. It is in Latvia’s interests to support these efforts to curb speculation and imbalance in the financial markets and to get banks to start lending again more actively."@en1

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