Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-186-000"
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"en.20120202.31.4-186-000"2
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"Madam President, as previous speakers have said, I think it is very important that we recognise that the BRIC countries are different and that when looking at the global outlook, we do not treat them as one large monolith. As Pink Floyd might have said, we should not treat them as another BRIC in the wall.
What we should be looking at is the granularity, and the differences between individual countries. So, for example, Brazil offers great prospects for many companies across the EU. The same goes for Russia, but the problem is, as Kasparov said, when it comes to elections, you already know the result, but you do not know what the outcome might be. India is the world’s largest democracy, with over a billion people and the rule of law, but not actually enough economic liberalisation. And when we look at China, there has been the economic liberalisation but not enough freedom and human rights.
All these things can only be enhanced with greater trade from the EU, but it is time that we started to try to match the growth of the BRICS countries rather than bring in policies such as the financial transaction tax, which would actually reduce growth in the EU in these difficult times."@en1
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