Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-386-000"
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"en.20111116.22.3-386-000"2
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"Madam President, Europe and the United States are going through a severe economic crisis.
Both our economies are very interconnected and during the next summit, we have to commit to act in a more coordinated manner and to implement the commitments that were made at the G20.
In a globalised economy, the solutions should be global, but it is also necessary for everyone to fulfil their responsibilities in their own area.
The United States should reduce its trade and fiscal deficits and China should revaluate its currency. We Europeans should finally solve the Greek crisis and the sovereign debt issues in several of our countries. Otherwise, we would not have any credibility as effective partners.
The fleeting presence of President Obama in Europe to attend the G20 meeting in Cannes contrasts with the time he is dedicating to the Asia-Pacific region this week. It appears to symbolise the rise of Asia and the decline of Europe.
It is not only economic challenges that we Europeans and Americans have to tackle, however, but also many others: climate change, nuclear proliferation, energy, terrorism, poverty; and regional issues such as the Arab Spring and the conflict in the Middle East.
We should consult and coordinate and stop the concept of the ‘West’ or the ‘transatlantic community’ increasingly losing value to Asia’s benefit.
Asia should also take part in global governance, but not by taking the role of Europe. For that we need a true Europe, a solid European Union, an efficient global player, and not a fragile set of countries that do not know how to resolve the sovereign debt crisis.
This is what the United States expects and is also what our citizens want."@en1
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