Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-09-Speech-4-279"

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"en.20081009.25.4-279"2
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". − The Members from the PSD (Portuguese Social Democratic Party) support this report, which is particularly opportune in the light of the international financial crisis. Financial stability must be guaranteed and, in the long term, we must establish measures to tackle systemic risks. Global problems require coordinated solutions on a global scale. International cooperation is essential to ensure and restore the credibility of the markets. The European Union is not an exception and the solution to the current problems cannot depend on separate initiatives in each Member State, but requires concerted action. Greater cohesion among the EU Member States is essential. Following the short-term rapid intervention, we urgently need to carry out an institutional reform of the financial system in order to stabilise the economy, reinvigorate economic growth and reinforce or improve what financial innovation has to offer. It is important to ensure that there is greater transparency and better financial information, using the technologies available. Only in this way can people increasingly access better practices, products and financial services. Innovation and financial markets must promote better consumer protection."@en1

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