Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-114"

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"en.20081021.7.2-114"2
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"The agreement expressed by the European Council on 15 and 16 October is a start, but it is not enough. We need to rebalance European Monetary Union, in conjunction with development and social policies. We need a single Community policy and new institutional and economic governance to restore the basic balance of the economy in the eurozone. The creation of a joint European fund basically needs to be re-examined as the consequence of direct measures taken to deal with the credit crunch and it needs to be made clear that taxpayers cannot be burdened in the long term. The philosophy of allowing the credit crunch to regulate itself applied so far at national level harbours dangers of the nationalization of economic and social policies and the emergence of a multiple-track European economy. This splintering of the institutional profile of the EU should be avoided. Europe has a unique and historic opportunity and it must put forward its new economic and social development model, as it had started to do through policies on climate change, energy security, social stability and a sustainable economy. When the economic crisis has run its course, it should find the EU much stronger at political and institutional level, more social and leading the way on policy on climate change."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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