Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-22-Speech-3-037"
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"en.20090422.4.3-037"2
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"Madam President, Commissioner, the financial and economic crisis has shown that we in Europe must be able to act together. We should be pleased that Europe had, and still has, the euro rather than 16 different currencies. This has alleviated the difficult times. It was only when the euro zone countries met in Paris last autumn that the crisis could be stabilised and the recovery could begin. Following this, the global efforts continued with the G20 summit, which was the start of something new – a world where the major nations of the world met on equal terms.
We must now ensure that we are better equipped next time the crisis strikes. The directives that are being discussed today are important and, in my opinion, balanced. We need greater openness and transparency on the market, greater opportunities to act across borders and improved supervision. We must also combat protectionism and, in my view, support free trade. We must also limit risk-taking and put a stop to excesses. The free market also needs its boundaries and rules. As a Liberal, I can also agree with this, of course. However, we must take care not to over-regulate, which is a risk in the current mood. Let us not forget that the market economy creates prosperity."@en1
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