Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-425-000"
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"en.20111025.25.2-425-000"2
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"The global economic crisis, which started in the financial sector, has now led to high levels of indebtedness in some of the leading political powers, such as the United States, Japan and the European Union. The weaknesses in the economic system have revealed some gaps caused by a lack of coordinated regulation and supervision of financial regulation, thereby exacerbating the sovereign debt crisis.
As highlighted in Mr Hökmark’s report – which I voted in favour of – we now need to reform the international monetary and financial system. There should be shared global economic governance regulations which would give operators and investors back the guarantees and certainties that no longer exist today."@en1
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