Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-283"

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"Madam President, I shall be very brief, because this has been an extremely fertile debate, but I should like to make five observations before ceding the floor to President Barroso. The first is that we all agree on the historic and highly innovative nature of the G20 meeting. This global step is innovative and historic, but so was the initiative taken by Europe, as the President of the Commission has emphasised, this being a Europe that acts on the international stage, as Joseph Daul stressed, whenever a common will emerges. Secondly, we all agree that what is happening, whether we like it or not, marks a break and that, as Mr Watson stated, we cannot go back to business as before but must be imaginative in the ways in which we respond to this crisis. My third observation is one that several speakers have made, including Mr Schulz, chairman of the Socialist Group in the European Parliament, and Mrs Frassoni, and it concerns the importance of remaining truly responsive, of maintaining our momentum and rapidly adopting any essential legislative measures, particularly those relating to financial regulation. My fourth observation is that action is needed to lessen the highly detrimental impact of this financial crisis in terms of both relations between the financial system and SMEs, as Mr Crowley indicated, and the link between social regulation and economic recovery, to which Mr Daul referred. It is also essential to act on the basis of a broad vision, taking account of the elements of Keynesianism that can be enlisted in the fight against climate change, as Mr Watson, chairman of the Group of the Alliance of Liberals and Democrats for Europe, suggested. Lastly, as you emphasised, Mr President of the Commission, and as several speakers and group chairmen emphasised, the important thing is to consider all the dimensions of the crisis. As you said, it is a development model which is at stake, and there is a need, as Martin Schulz pointed out, to reappraise the demarcation lines between the role of the public sector and that of the private sector. As you stressed, and as others have said, including Mrs Frassoni, it would be wrong to focus solely on the financial world and forget the most disadvantaged, the weakest, those who are starving, whom you also mentioned, Mr President. I also endorse the view that we must re-examine the foundations of the system; if greed forms part of those foundations, there will be no alternative but to re-examine them. Lastly, it must be appreciated, and this is my final point, that the crisis should not cause us to slow down or to be faint-hearted but rather to respond more quickly and to remain ambitious in our development objectives and in our environmental aims and our fight against climate change."@en1
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