Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-419-750"

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"en.20111025.25.2-419-750"2
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"( ) The economic and financial crisis has shown the limits of world governance as it stands. Our economic management must be based on an approach that is oriented, on the one hand, towards traditional macro-economic and financial policies and, on the other, towards a policy that promotes job creation and social protection as, unless internal demand revives, there will never be a sustainable recovery. It should not be forgotten that, during this crisis, the world economy has lost around 30 million jobs. Europe needs common global solutions to bring an end to the persistent problems in the finance sector and the issue of sovereign debt. Cooperation is essential to the stability of the global economy and must take precedence over national interests. That is why it is vital for the international institutions, which are the centres of this cooperation, to reflect the changes of the last quarter of a century."@en1
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