Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-066"
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"en.20081021.7.2-066"2
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".
Mr President, ladies and gentlemen, we would like to express our full support for what the President has said. We appreciate the work done by the Presidency over these difficult months and welcome the proposals that have been made. Nonetheless, we would like to remind the President of the Commission that in making certain assertions, that we may well support, he assumes responsibility for the course taken by certain commissioners, including the Commissioner for Competition, whose remarks on the paraffin issue have clearly not helped to improve security or bring calm on the markets.
We would also have liked the Commission to have responded more promptly on derivatives, products that have brought many citizens to their knees, as well as many administrations and EU Member States. Mr Sarkozy’s comments strike a chord with those of us who want to see a Europe not with a president that changes every six months, but with a president who can act as a representative of a truly united – not homogenous, but united – Europe able to work as one to identify problems and formulate strategies to combat and above all to resolve them. This crisis is undoubtedly systemic, but to combat a systemic crisis we need to devise a new system and – with all due respect to yourself, President Sarkozy – re-found global capitalism.
Perhaps there is something more we should say. We should say that the free market does not mean extreme liberalism, and that in today’s world a system seeking to base itself on capital must be able to combine social and liberal considerations. We have failed banks and failing banks. How much more our European Central Bank could have done if we had put into action the suggestion made by yourself, Mr President, even before the start of your mandate, to build a closer relationship between political direction and economic driving forces. It is impossible to manage the economy without a political vision to indicate the goals to be reached.
We hope that in future the ECB can have greater control over the quality of the financial system, but we do not want to see it closed off in splendid isolation. I would like to conclude, Mr President, by saying how pleased I am that the immigration and asylum pact has been adopted. At last we have common rules in an area that affects us all and which should see us particularly united. We hope that criminal and civil sanctions can be harmonised on certain pressing issues, to combat profiteers and those who put consumer safety and therefore the stability of the economy at risk. Thank you, Mr President, we wish you success in your work."@en1
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