Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-997"
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"en.20081008.15.3-997"2
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"The financial crisis that has extended to almost the entire planet should be analysed at the level of the European Union’s institutions. It is inadmissible that the youngest territorial organisation in the world, the European Union, cannot intervene in identifying a solution acceptable to all parties and I insist on creating fast action instruments, as the EC high-level task force is also defined. We presently live in historical, unprecedented times.
We are on the edge of a financial collapse endangering the achievement of the goals undertaken by the EU, both for the 27 Member States and for the other countries on our planet. Any second lost in administrative and bureaucratic proceedings means huge losses for the international banking system and the financial stock exchanges on all continents, as well as the deterioration of the standard of living for all inhabitants. Europe is forced to make a stand and become a standard bearer in the fight for stopping the current financial crisis.
At this moment, we need to prove the functionality of the European system and institutions; we need coordination and cooperation between the Member State governments, the European Commission and the European Parliament. We have the necessary maturity and expertise to intervene in solving a dangerous situation for the future of the European Union, as well as of humankind."@en1
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