Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-997"
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"en.20081021.7.2-997"2
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".
I should firstly like to convey to the French Presidency of the European Union exercised by Mr Sarkozy, President of the French Republic, my congratulations on the energy, passion and vision with which he is assuming his mandate. Whether it is a question of war in the Caucasus, which has been prevented, or the action taken to resolve the financial and economic crisis, the Presidency has shown how much we need a strong and united European Union and a stable presidency to champion our values in a world that moves at a rapid pace and that has become much more complex. With regard to the financial crisis and the need for the economy to go on functioning properly, I am in favour of Member States using their financial strength to intervene in order to restore confidence. The Member States use what, in the private sphere, are resources not shown on the balance sheet; in other words, guarantees. It is in this context that I would float the idea of looking into setting up a global public instrument for assessing States. This would be located with the International Monetary Fund (IMF), and its governance would be indisputable and independent. Such a global public agency for assessing States would be very useful in terms of ensuring that global finance and the world economy were operating properly and that, therefore, due social progress was also being made."@en1
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