Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-17-Speech-1-099"
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"en.20081117.21.1-099"2
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"Mr President, Commissioner, I would first of all like to congratulate both rapporteurs, Mrs Berès and Mr Langen. Ten years are neither a lot nor a little, but they have clearly made a major contribution in consolidating the single market and, at the moment, in creating a shield to protect against financial speculation. I believe that tighter regulation of the financial and banking sector, combined with encouraging investment in research and development, promoting competition and providing financial education for citizens may be much more effective solutions during this time of crisis.
I think that the states of the European Union need to show economic and financial solidarity at the moment as intervention in the financial and banking sector alone is not sufficient to stabilise the economic crisis except superficially. I hope, Commissioner, that the effects of the crisis will not have an impact on the budget projections for 2007–2013 as European funds may be able to achieve the desired effects in providing for the Union’s sustainable development."@en1
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