Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-418-000"
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"en.20111025.25.2-418-000"2
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"Global economic imbalances constitute a potential threat to financial and macro-economic stability in the leading European economies. The current financial and economic crisis has, in fact, demonstrated that the inflow of capital as a result of global imbalances should be accompanied by a more responsible monetary policy and strong financial regulation and supervision.
We therefore support this report because it recognises the need for policy makers around the world to continue working on solutions to reform global economic governance to help rebalance the world economy and avoid another slump. The reform of global governance should ensure that markets are embedded in a comprehensive institutional framework for them to function properly; the fundamental objective must be the creation of a favourable environment for long-term investment.
The EU must play a leading role in global economic reform to make international institutions more legitimate, transparent and accountable. We believe that the EU should be able to speak with one voice, and therefore we call for an EU seat in the International Monetary Fund and the World Bank."@en1
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