Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-420-250"

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"en.20111025.25.2-420-250"2
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"I voted in favour of this resolution because disturbances throughout the world have forced us to reform our model of global economic governance as a matter of urgency. Globally, we, above all, need to establish common, strict and effectively functioning rules applicable to global financial markets which would ensure coordinated and effective regulation and supervision. All participants should be guaranteed open markets, and greater competitiveness and wide-ranging reforms should be encouraged. I believe that the use of Special Drawing Rights (SDRs) as a possible replacement for the dollar as the world’s reserve currency would help to stabilise the global financial system. It is also very important for there to be a common approach to monetary policy, international trade, sustainable public finances and flexible currencies based on economic fundamentals. Fair trade, democracy, human rights, working conditions and sustainable development should be the main focus of trade policies."@en1

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