Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-090"
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"en.20081203.13.3-090"2
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"We have heard it said several times here today that a crisis normally creates an opportunity, and that is true. If we wish to take advantage of the opportunity which presents itself, the course of action is easy to decide on.
Firstly, at the level of the European Union we are aware of the need to introduce mechanisms for transparency in and regulation and supervision of the financial markets. There is no need for Commissioner McCreevy to start more consultations or for the Presidency to analyse and elicit more studies and proposals: we need look no further than the proposals of the socialists, which were made at the appropriate time and many of which have been taken up by this Parliament.
Secondly, internationally: Europe cannot take part in the international arena in a passive way. It must play an active part in building the new international order, and it must be the defender of a new architecture that does not leave black holes in the system, such as those currently presented by tax havens.
Thirdly, we have heard the President of the Commission say here today that there is reluctance amongst the various States to coordinate strategies. It is true that, if we had not heard so many times from members of the Commission that markets self-regulate, that the State should remain uninvolved and that financial markets have no impact on growth or employment, perhaps there would be a greater and more active spirit of solidarity amongst the various countries.
However, the proposal which we have before us today is one that is only the first part of a long process if we compare it with the programmes of China and the United States; it also fails to define its goal sufficiently clearly, and this goal must be employment; finally, a European programme cannot be an amalgamation of national agendas.
Now is the time for us to show the citizens of Europe that Europe is a network of rights that also encompasses the economic sphere; that it protects them in times of crisis, and that it promotes solidarity with and growth and support programmes for the small and medium-sized enterprises that are currently not in receipt of the results of the interventions that were made in the banking sector. The real economy is exactly that, and we are here, as Europeans, to show the citizens that Europe is here too and, above all, on their side."@en1
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